Amazon.com, Inc. (NASDAQ:AMZN) is Regal Partners Ltd’s 8th Largest Position

Regal Partners Ltd boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 261,036 shares of the e-commerce giant’s stock after purchasing an additional 17,164 shares during the quarter. Amazon.com makes up 4.3% of Regal Partners Ltd’s investment portfolio, making the stock its 8th biggest holding. Regal Partners Ltd’s holdings in Amazon.com were worth $48,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AMZN. Fortis Capital Management LLC raised its position in shares of Amazon.com by 1.9% during the 3rd quarter. Fortis Capital Management LLC now owns 77,815 shares of the e-commerce giant’s stock worth $14,499,000 after acquiring an additional 1,457 shares in the last quarter. Plato Investment Management Ltd increased its stake in Amazon.com by 2.6% in the third quarter. Plato Investment Management Ltd now owns 214,912 shares of the e-commerce giant’s stock valued at $40,004,000 after purchasing an additional 5,503 shares during the last quarter. Cable Hill Partners LLC raised its holdings in Amazon.com by 3.7% during the third quarter. Cable Hill Partners LLC now owns 9,544 shares of the e-commerce giant’s stock worth $1,778,000 after purchasing an additional 342 shares in the last quarter. Bell Bank lifted its position in shares of Amazon.com by 12.8% during the 3rd quarter. Bell Bank now owns 61,719 shares of the e-commerce giant’s stock worth $11,500,000 after buying an additional 6,982 shares during the last quarter. Finally, Axim Planning & Wealth boosted its holdings in shares of Amazon.com by 7.3% in the 3rd quarter. Axim Planning & Wealth now owns 1,283 shares of the e-commerce giant’s stock valued at $239,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $229.05 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market capitalization of $2.41 trillion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The stock’s 50 day moving average price is $206.58 and its 200-day moving average price is $191.74. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Robert W. Baird boosted their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Truist Financial raised their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Benchmark upped their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Mizuho raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Amazon.com 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.