Woodson Capital Management LP Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Woodson Capital Management LP purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 71,420 shares of the e-commerce giant’s stock, valued at approximately $13,308,000. Amazon.com makes up approximately 2.6% of Woodson Capital Management LP’s portfolio, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Skye Global Management LP lifted its holdings in shares of Amazon.com by 4.9% during the third quarter. Skye Global Management LP now owns 11,918,169 shares of the e-commerce giant’s stock worth $2,220,712,000 after purchasing an additional 560,454 shares during the period. Centric Wealth Management lifted its holdings in shares of Amazon.com by 3.2% during the third quarter. Centric Wealth Management now owns 23,201 shares of the e-commerce giant’s stock worth $4,323,000 after purchasing an additional 716 shares during the period. CWS Financial Advisors LLC lifted its holdings in shares of Amazon.com by 4.0% during the third quarter. CWS Financial Advisors LLC now owns 7,155 shares of the e-commerce giant’s stock worth $1,333,000 after purchasing an additional 275 shares during the period. Providence Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 2.3% during the third quarter. Providence Wealth Advisors LLC now owns 16,278 shares of the e-commerce giant’s stock worth $3,051,000 after purchasing an additional 369 shares during the period. Finally, Carl P. Sherr & Co. LLC lifted its holdings in shares of Amazon.com by 40.6% during the third quarter. Carl P. Sherr & Co. LLC now owns 11,633 shares of the e-commerce giant’s stock worth $2,168,000 after purchasing an additional 3,359 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on 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 transaction, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $222.13 on Thursday. Amazon.com, Inc. has a 52 week low of $148.21 and a 52 week high of $233.00. The business’s fifty day simple moving average is $215.07 and its 200-day simple moving average is $194.92. The firm has a market cap of $2.34 trillion, a PE ratio of 47.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a report on Wednesday, November 20th. Susquehanna lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Piper Sandler boosted their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Benchmark boosted their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group boosted their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.67.

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.