Twenty Acre Capital LP Has $7.06 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Twenty Acre Capital LP reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,900 shares of the e-commerce giant’s stock after selling 5,100 shares during the quarter. Amazon.com makes up approximately 6.2% of Twenty Acre Capital LP’s holdings, making the stock its 6th biggest position. Twenty Acre Capital LP’s holdings in Amazon.com were worth $7,062,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Icon Wealth Advisors LLC grew its stake in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. PayPay Securities Corp grew its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the third quarter valued at $45,000. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com in the third quarter valued at $56,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research note on Monday, December 16th. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial lifted their price objective 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. Finally, Roth Mkm lifted their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $243.67.

Amazon.com Stock Up 0.0 %

Shares of NASDAQ AMZN opened at $222.13 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.34 trillion, a price-to-earnings ratio of 47.57, a PEG ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $148.21 and a 12 month high of $233.00. The stock has a 50-day moving average price of $215.07 and a two-hundred day moving average price of $194.92.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

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.