Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Soros Capital Management LLC

Soros Capital Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 362.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,273 shares of the e-commerce giant’s stock after purchasing an additional 83,291 shares during the quarter. Amazon.com accounts for 4.8% of Soros Capital Management LLC’s portfolio, making the stock its 6th largest position. Soros Capital Management LLC’s holdings in Amazon.com were worth $19,802,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Insight Wealth Partners LLC lifted its holdings in shares of Amazon.com by 12.4% during the 3rd quarter. Insight Wealth Partners LLC now owns 11,111 shares of the e-commerce giant’s stock valued at $2,070,000 after buying an additional 1,226 shares during the last quarter. Hardy Reed LLC lifted its position in shares of Amazon.com by 0.7% in the third quarter. Hardy Reed LLC now owns 31,781 shares of the e-commerce giant’s stock worth $5,922,000 after buying an additional 235 shares during the last quarter. Baldwin Investment Management LLC boosted its stake in shares of Amazon.com by 15.5% during the 3rd quarter. Baldwin Investment Management LLC now owns 42,135 shares of the e-commerce giant’s stock worth $7,851,000 after acquiring an additional 5,650 shares in the last quarter. Carlson Capital Management increased its holdings in shares of Amazon.com by 2.0% during the 3rd quarter. Carlson Capital Management now owns 9,468 shares of the e-commerce giant’s stock valued at $1,764,000 after acquiring an additional 190 shares during the last quarter. Finally, M.D. Sass LLC raised its stake in shares of Amazon.com by 4.9% in the 3rd quarter. M.D. Sass LLC now owns 43,165 shares of the e-commerce giant’s stock valued at $8,043,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Oppenheimer upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group upped their price target on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Pivotal Research assumed coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a research note on Wednesday, November 20th. Finally, Susquehanna boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $243.67.

Amazon.com Price Performance

Amazon.com stock opened at $227.61 on Tuesday. The business has a 50-day moving average of $213.85 and a 200-day moving average of $194.50. Amazon.com, Inc. has a 1 year low of $146.15 and a 1 year high of $233.00. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 48.74, a PEG ratio of 1.54 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. 10.80% of the stock is currently owned by company insiders.

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.