Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Sycomore Asset Management

Sycomore Asset Management lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 100.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 300 shares of the e-commerce giant’s stock after acquiring an additional 150 shares during the quarter. Sycomore Asset Management’s holdings in Amazon.com were worth $66,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMZN. Cornerstone Planning Group LLC boosted its position in Amazon.com by 29.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 5,581 shares of the e-commerce giant’s stock valued at $1,314,000 after purchasing an additional 1,261 shares during the period. Quilter Plc boosted its position in Amazon.com by 0.9% during the 4th quarter. Quilter Plc now owns 1,663,526 shares of the e-commerce giant’s stock valued at $364,961,000 after purchasing an additional 14,330 shares during the period. Elser Financial Planning Inc boosted its position in Amazon.com by 6.0% during the 4th quarter. Elser Financial Planning Inc now owns 5,067 shares of the e-commerce giant’s stock valued at $1,112,000 after purchasing an additional 289 shares during the period. Silicon Valley Capital Partners boosted its position in Amazon.com by 33.4% during the 4th quarter. Silicon Valley Capital Partners now owns 144,272 shares of the e-commerce giant’s stock valued at $31,652,000 after purchasing an additional 36,162 shares during the period. Finally, Elevation Wealth Partners LLC boosted its position in Amazon.com by 11.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 7,074 shares of the e-commerce giant’s stock valued at $1,552,000 after purchasing an additional 721 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on AMZN. Piper Sandler restated an “overweight” rating and set a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Tigress Financial boosted their price target on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Oppenheimer boosted their price target on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Wedbush reiterated an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Two equities research 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, the company has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,649 shares of company stock worth $23,871,905 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 0.7 %

NASDAQ:AMZN opened at $199.25 on Friday. The firm has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. 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 business’s fifty day moving average price is $224.11 and its 200 day moving average price is $206.80.

Amazon.com (NASDAQ:AMZN) last issued its 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, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share 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.