94,922 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Zeno Equity Partners LLP

Zeno Equity Partners LLP acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 94,922 shares of the e-commerce giant’s stock, valued at approximately $14,422,000. Amazon.com makes up approximately 3.5% of Zeno Equity Partners LLP’s holdings, making the stock its 7th biggest position.

Other hedge funds have also modified their holdings of the company. Wealthspire Advisors LLC boosted its position in Amazon.com by 7.8% during the third quarter. Wealthspire Advisors LLC now owns 139,998 shares of the e-commerce giant’s stock valued at $17,797,000 after purchasing an additional 10,176 shares during the last quarter. Alapocas Investment Partners Inc. lifted its position in shares of Amazon.com by 1.2% in the third quarter. Alapocas Investment Partners Inc. now owns 89,349 shares of the e-commerce giant’s stock valued at $11,358,000 after buying an additional 1,035 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its position in shares of Amazon.com by 0.9% in the third quarter. Argonautica Private Wealth Management Inc. now owns 42,338 shares of the e-commerce giant’s stock valued at $5,382,000 after buying an additional 397 shares during the last quarter. Sonata Capital Group Inc. lifted its position in shares of Amazon.com by 0.4% in the third quarter. Sonata Capital Group Inc. now owns 42,845 shares of the e-commerce giant’s stock valued at $5,446,000 after buying an additional 160 shares during the last quarter. Finally, Must Asset Management Inc. acquired a new stake in shares of Amazon.com in the third quarter valued at approximately $986,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMZN shares. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price objective (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Piper Sandler raised their price objective on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Moffett Nathanson reissued a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Argus lifted their price target on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Morgan Stanley lifted their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $213.82.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders have sold a total of 65,838 shares of company stock worth $11,984,344 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.1 %

AMZN traded down $0.17 during midday trading on Friday, hitting $183.66. 25,456,410 shares of the company were exchanged, compared to its average volume of 31,943,300. The firm has a market capitalization of $1.91 trillion, a P/E ratio of 51.45, a P/E/G ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $191.70. The firm’s 50 day moving average price is $182.92 and its 200-day moving average price is $170.19. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

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.