Oriental Harbor Investment Fund Takes $60.96 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Oriental Harbor Investment Fund bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 327,145 shares of the e-commerce giant’s stock, valued at approximately $60,957,000. Amazon.com makes up 6.8% of Oriental Harbor Investment Fund’s investment portfolio, making the stock its 8th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Helios Capital Management PTE. Ltd. grew its stake in shares of Amazon.com by 15.1% in the second quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock valued at $7,827,000 after buying an additional 5,300 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in Amazon.com by 7.0% in the second quarter. Atomi Financial Group Inc. now owns 72,941 shares of the e-commerce giant’s stock valued at $14,096,000 after acquiring an additional 4,749 shares during the last quarter. Instrumental Wealth LLC lifted its stake in Amazon.com by 1.3% in the second quarter. Instrumental Wealth LLC now owns 5,042 shares of the e-commerce giant’s stock valued at $907,000 after acquiring an additional 64 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of Amazon.com by 5.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 45,457 shares of the e-commerce giant’s stock valued at $8,785,000 after acquiring an additional 2,332 shares during the period. Finally, Park Edge Advisors LLC increased its stake in shares of Amazon.com by 5.9% during the 2nd quarter. Park Edge Advisors LLC now owns 11,410 shares of the e-commerce giant’s stock worth $2,205,000 after purchasing an additional 640 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $225.94 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $217.56 and a 200 day simple moving average of $196.10. The company has a market cap of $2.38 trillion, a P/E ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.85 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AMZN shares. JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research note on Friday, January 10th. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Wells Fargo & Company boosted their target price on Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a report on Tuesday. Jefferies Financial Group raised their price target on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group upped their price objective on shares of 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-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $245.65.

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.