Jericho Financial LLP Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Jericho Financial LLP bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 32,617 shares of the e-commerce giant’s stock, valued at approximately $7,156,000. Amazon.com accounts for approximately 5.2% of Jericho Financial LLP’s portfolio, making the stock its 4th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Berkshire Money Management Inc. bought a new stake in Amazon.com during the fourth quarter worth $2,055,000. Y.D. More Investments Ltd lifted its holdings in shares of Amazon.com by 13.8% in the fourth quarter. Y.D. More Investments Ltd now owns 78,679 shares of the e-commerce giant’s stock worth $17,271,000 after buying an additional 9,547 shares in the last quarter. Jackson Wealth Management LLC lifted its holdings in shares of Amazon.com by 2.1% in the fourth quarter. Jackson Wealth Management LLC now owns 27,472 shares of the e-commerce giant’s stock worth $6,027,000 after buying an additional 556 shares in the last quarter. Weaver Capital Management LLC increased its position in shares of Amazon.com by 6.0% in the fourth quarter. Weaver Capital Management LLC now owns 20,904 shares of the e-commerce giant’s stock worth $4,586,000 after purchasing an additional 1,176 shares during the last quarter. Finally, Spirit of America Management Corp NY increased its position in shares of Amazon.com by 1.5% in the fourth quarter. Spirit of America Management Corp NY now owns 30,200 shares of the e-commerce giant’s stock worth $6,626,000 after purchasing an additional 450 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. DA Davidson increased their price target on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Evercore ISI boosted their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Raymond James lifted their price objective on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $260.65.

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 directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,149 shares of company stock valued at $24,606,905. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $212.32 on Friday. 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 market capitalization of $2.25 trillion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 1.50 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a fifty day simple moving average of $226.44 and a two-hundred day simple moving average of $205.61.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.