Amazon.com, Inc. (NASDAQ:AMZN) is Zeno Equity Partners LLP’s 4th Largest Position

Zeno Equity Partners LLP increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 151,609 shares of the e-commerce giant’s stock after acquiring an additional 4,555 shares during the period. Amazon.com makes up about 10.0% of Zeno Equity Partners LLP’s investment portfolio, making the stock its 4th biggest holding. Zeno Equity Partners LLP’s holdings in Amazon.com were worth $33,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Accordant Advisory Group Inc boosted its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC lifted its stake in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC boosted its position in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the period. Compass Planning Associates Inc bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $54,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $172.51 on Monday. The company has a fifty day moving average of $198.44 and a two-hundred day moving average of $208.23. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock has a market capitalization of $1.83 trillion, a PE ratio of 31.19, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Truist Financial reduced their target price on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Wolfe Research lifted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Benchmark upped their target price on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Finally, Barclays raised their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Two analysts have 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 data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.73.

Insider Activity

In other news, SVP David Zapolsky sold 5,848 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the completion of the sale, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on 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 represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

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.