a16z Perennial Management LP holds a position in Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest Form 13F filed with the SEC, a16z Perennial Management LP acquired new shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the fourth quarter. The fund purchased 9,520 shares of the e-commerce giant worth approximately $1,446,000. Amazon.com makes up about 0.2% of a16z Perennial Management LP’s portfolio, making it its 14th-largest holding.

A number of other hedge funds have also recently modified their holdings in the company. Socha Financial Group LLC increased its position in shares of Amazon.com by 3.3% in the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after acquiring an additional 63 shares during the period. Lake Hills Wealth Management LLC increased its position in shares of Amazon.com by 0.8% during the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after acquiring an additional 65 shares during the period. Veery Capital LLC increased its holdings in Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after purchasing an additional 66 shares during the period. Bellwether Advisors LLC increased its holdings in Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after purchasing an additional 66 shares during the period. Finally, StrategIQ Financial Group LLC increased its holdings in Amazon.com by 0.3% in the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock valued at $3,534,000 after purchasing an additional 66 shares during the period. Institutional investors hold 72.20% of the company’s shares.

Confidential activity

In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, Keith Brian Alexander, director, sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction amount of $186,220.00. Following the sale, the director now directly owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 117,894 shares of company stock worth $21,363,909. Corporate insiders own 10.80% of the company’s shares.

Amazon.com pricing performance

AMZN stock opened Friday at $181.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company’s market capitalization is $1.88 trillion, its P/E ratio is 50.71, its P/E/G ratio is 1.32, and its beta is 1.15. The company’s 50-day simple moving average is $181.91 and its two-hundred-day simple moving average is $165.77. Amazon.com, Inc. it has a 1-year low of $114.31 and a 1-year high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was $143.31 billion, compared to the consensus estimate of $142.65 billion. During the same period last year, the company earned $0.31 EPS. The company’s revenues for this quarter increased by 12.5% ​​compared to the same quarter last year. As a group, stock analysts predict that Amazon.com, Inc. it will record 4.67 EPS for the current year.

A Wall Street analyst weighs in

Several research analysts have recently commented on AMZN stock. UBS Group increased their target price on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” in a report on Wednesday, May 1. Piper Sandler increased their target price on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Royal Bank of Canada raised their target price on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. In a report on Thursday, April 18, DA Davidson reaffirmed a “buy” rating and set a price target for Amazon.com stock of $235.00. Finally, Monness Crespi & Hardt increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” in a report on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-four rated the company’s shares with a buy rating, and one gave a strong buy rating to the company’s shares. The company currently has an average rating of “Buy” and an average price target of $211.62, according to MarketBeat.com.

Check out our latest stock analysis on Amazon.com

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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