Twinbeech Capital LP Buys Shares of 182,986 Amazon.com, Inc. (NASDAQ:AMZN)

Twinbeech Capital LP acquired a new stake in 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 institutional investor acquired 182,986 shares of the e-commerce giant's stock, valued at approximately $40,145,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Regent Peak Wealth Advisors LLC grew its position in Amazon.com by 0.7% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after buying an additional 318 shares in the last quarter. Tallon Kerry Patrick acquired a new stake in Amazon.com during the fourth quarter worth approximately $800,000. Capital & Planning LLC grew its position in Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after buying an additional 1,635 shares in the last quarter. Merit Financial Group LLC grew its position in Amazon.com by 37.9% during the fourth quarter. Merit Financial Group LLC now owns 283,663 shares of the e-commerce giant's stock worth $62,233,000 after buying an additional 77,972 shares in the last quarter. Finally, Sax Wealth Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth approximately $5,949,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 0.9%

AMZN stock traded down $1.77 during mid-day trading on Friday, reaching $203.93. 51,641,602 shares of the company traded hands, compared to its average volume of 42,021,406. The stock has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm's 50 day moving average price is $190.57 and its 200 day moving average price is $208.63.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,018,625 in the last 90 days. Insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMZN. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Royal Bank of Canada cut their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus cut their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Rosenblatt Securities upped their target price on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their target price on Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. 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.com, the company has an average rating of "Moderate Buy" and an average 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.