Headwater Capital Co Ltd Acquires Shares of 70,000 Amazon.com, Inc. (NASDAQ:AMZN)

Headwater Capital Co Ltd acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 70,000 shares of the e-commerce giant’s stock, valued at approximately $15,357,000. Amazon.com accounts for 8.2% of Headwater Capital Co Ltd’s investment portfolio, making the stock its 6th biggest position.

Other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP acquired a new position in shares of Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the third quarter worth about $45,000. Values First Advisors Inc. acquired a new position in shares of Amazon.com during the third quarter worth about $56,000. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Amazon.com by 84.7% during the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after acquiring an additional 199 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction 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 of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Tigress Financial boosted their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Maxim Group boosted their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen boosted their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, JMP Securities reissued a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, January 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 company’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.85.

Amazon.com Stock Performance

Shares of AMZN stock opened at $230.71 on Wednesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a 50 day moving average price of $218.30 and a 200 day moving average price of $196.47. The firm has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 49.40, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current year.

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.