Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Zenyatta Capital Management LP

Zenyatta Capital Management LP lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 45.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the e-commerce giant’s stock after selling 25,000 shares during the quarter. Amazon.com comprises approximately 1.8% of Zenyatta Capital Management LP’s investment portfolio, making the stock its 17th largest holding. Zenyatta Capital Management LP’s holdings in Amazon.com were worth $4,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Vanguard Group Inc. increased its holdings in Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares during the period. International Assets Investment Management LLC boosted its position in Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. FMR LLC boosted its position in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Jennison Associates LLC boosted its position in Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after purchasing an additional 12,176,114 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Amazon.com in the 3rd quarter worth approximately $610,138,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMZN shares. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Piper Sandler increased their target price on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Citigroup increased their target price on Amazon.com from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday. Moffett Nathanson reiterated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Finally, Wedbush increased their target price on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average target price of $204.76.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares in the company, valued at approximately $92,688,826.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,889,146 in the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Down 1.6 %

Shares of NASDAQ:AMZN opened at $176.59 on Thursday. The business has a 50-day moving average price of $177.71 and a 200 day moving average price of $158.12. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The company has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 60.89, a PEG ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the business posted $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 4.1 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.