Voleon Capital Management LP Makes New $54.89 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Voleon Capital Management LP bought 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 Form 13F filing with the SEC. The firm bought 250,206 shares of the e-commerce giant's stock, valued at approximately $54,893,000. Amazon.com accounts for approximately 4.1% of Voleon Capital Management LP's holdings, making the stock its 5th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth $749,000. Segall Bryant & Hamill LLC grew its holdings in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares during the period. Evergreen Capital Management LLC raised its position in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after acquiring an additional 1,198 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after acquiring an additional 2,196,353 shares in the last quarter. Finally, Keyvantage Wealth LLC acquired a new stake in Amazon.com in the 4th quarter valued at about $2,735,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Amazon.com stock traded up $1.98 during trading hours on Thursday, reaching $203.10. 38,797,180 shares of the company were exchanged, compared to its average volume of 41,908,253. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $189.74 and a 200 day moving average of $208.74. The firm has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.73, a PEG ratio of 1.50 and a beta of 1.30.

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

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares of the company's stock, valued at approximately $10,933,860. This trade represents a 22.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,081 shares of company stock valued at $17,421,044. 9.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMZN. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Citigroup restated an "outperform" rating on shares of Amazon.com in a report on Friday, May 2nd. Evercore ISI dropped their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Piper Sandler reissued an "overweight" rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Truist Financial cut their price objective on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

About Amazon.com

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.