Point72 Europe London LLP Invests $57.26 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Point72 Europe London LLP bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 307,300 shares of the e-commerce giant’s stock, valued at approximately $57,259,000. Amazon.com comprises 3.6% of Point72 Europe London LLP’s holdings, making the stock its biggest position.

Other institutional investors have also modified their holdings of the company. Icon Wealth Advisors LLC increased its holdings in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the last quarter. PayPay Securities Corp increased its stake in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP bought a new stake in Amazon.com during the third quarter valued at $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the third quarter worth $45,000. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com in the 3rd quarter worth about $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMZN shares. Redburn Atlantic increased their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America increased their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen boosted their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Evercore ISI increased their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $250.00 price target on shares of Amazon.com in a report on Tuesday, December 10th. Two investment 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. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $243.67.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were 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 of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, 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 Stock Performance

Amazon.com stock opened at $222.13 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market cap of $2.34 trillion, a P/E ratio of 47.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $148.21 and a fifty-two week high of $233.00. The firm’s 50 day simple moving average is $215.78 and its 200-day simple moving average is $195.11.

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