Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Eos Management L.P.

Eos Management L.P. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,545 shares of the e-commerce giant’s stock after buying an additional 9,590 shares during the quarter. Amazon.com accounts for about 4.3% of Eos Management L.P.’s portfolio, making the stock its 6th biggest holding. Eos Management L.P.’s holdings in Amazon.com were worth $10,212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SoundView Advisors Inc. acquired a new stake in Amazon.com in the 4th quarter valued at $498,000. Miller Financial Services LLC bought a new position in shares of Amazon.com in the 4th quarter valued at about $3,968,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $20,908,000. Global View Capital Management LLC bought a new stake in Amazon.com during the fourth quarter worth about $592,000. Finally, Briaud Financial Planning Inc boosted its position in Amazon.com by 3,401.7% during the fourth quarter. Briaud Financial Planning Inc now owns 2,101 shares of the e-commerce giant’s stock valued at $460,000 after purchasing an additional 2,041 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 2.0 %

AMZN opened at $184.87 on Friday. The company has a market cap of $1.96 trillion, a P/E ratio of 33.43, a PEG ratio of 1.50 and a beta of 1.39. 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 company’s 50 day moving average is $204.23 and its 200-day moving average is $208.42. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AMZN shares. Tigress Financial increased their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Royal Bank of Canada increased their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Piper Sandler reissued an “overweight” rating and issued a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. The Goldman Sachs Group upped their target price on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Robert W. Baird lifted their price target on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $258.19.

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.