TOMS Capital Investment Management LP Acquires New Position in Amazon.com, Inc. (NASDAQ:AMZN)

TOMS Capital Investment Management LP purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 374,000 shares of the e-commerce giant's stock, valued at approximately $82,052,000. Amazon.com accounts for about 3.0% of TOMS Capital Investment Management LP's holdings, making the stock its 8th largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMZN. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at $27,000. Accordant Advisory Group Inc boosted its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter valued at about $35,000. Perritt Capital Management Inc grew its stake in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $51,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Amazon.com stock traded down $2.95 during mid-day trading on Wednesday, hitting $201.12. The company had a trading volume of 42,365,189 shares, compared to its average volume of 41,955,975. The company has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company's fifty day moving average is $189.68 and its 200-day moving average is $208.79. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,784 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $205.05, for a total value of $980,959.20. Following the transaction, the chief executive officer now directly owns 514,150 shares of the company's stock, valued at approximately $105,426,457.50. This trade represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,081 shares of company stock valued at $17,421,044 in the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMZN. Morgan Stanley cut their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. StockNews.com downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Royal Bank of Canada cut their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Finally, Oppenheimer lowered their price objective on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.