Amazon.com, Inc. (NASDAQ:AMZN) is Zweig DiMenna Associates LLC's Largest Position

Zweig DiMenna Associates LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 316,655 shares of the e-commerce giant's stock after buying an additional 26,700 shares during the period. Amazon.com accounts for about 5.4% of Zweig DiMenna Associates LLC's holdings, making the stock its biggest holding. Zweig DiMenna Associates LLC's holdings in Amazon.com were worth $48,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Lake Hills Wealth Management LLC increased its holdings in shares of Amazon.com by 0.8% in the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant's stock worth $1,213,000 after purchasing an additional 65 shares in the last quarter. Veery Capital LLC increased its holdings in shares of Amazon.com by 1.1% in the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant's stock worth $895,000 after purchasing an additional 66 shares in the last quarter. Bellwether Advisors LLC increased its holdings in shares of Amazon.com by 2.3% in the 4th quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant's stock worth $446,000 after purchasing an additional 66 shares in the last quarter. StrategIQ Financial Group LLC increased its holdings in shares of Amazon.com by 0.3% in the 4th quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant's stock worth $3,534,000 after purchasing an additional 66 shares in the last quarter. Finally, Marion Wealth Management increased its holdings in shares of Amazon.com by 1.6% in the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant's stock worth $657,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Down 1.6 %

Shares of NASDAQ:AMZN traded down $2.95 during trading hours on Wednesday, hitting $176.59. 34,053,895 shares of the company's stock traded hands, compared to its average volume of 42,734,879. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The business has a fifty day moving average price of $177.71 and a 200-day moving average price of $158.12. The firm has a market capitalization of $1.83 trillion, a P/E ratio of 60.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Telsey Advisory Group restated an "outperform" rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday, March 27th. Morgan Stanley raised their price target on Amazon.com from $185.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, February 2nd. TD Cowen raised their price target on Amazon.com from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. Susquehanna raised their price target on Amazon.com from $185.00 to $220.00 and gave the stock a "positive" rating in a research note on Friday, February 2nd. Finally, UBS Group raised their price target on Amazon.com from $180.00 to $198.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and an average price target of $204.76.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Andrew R. Jassy sold 50,000 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $168.65, for a total value of $8,432,500.00. Following the completion of the sale, the chief executive officer now owns 2,014,055 shares in the company, valued at $339,670,375.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company's stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,889,146 over the last 90 days. Company insiders own 10.80% of the company's stock.

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.