Picton Mahoney Asset Management increases position in Amazon.com, Inc. (NASDAQ:AMZN)

Picton Mahoney Asset Management increased its stake in Amazon.com, Inc., according to its latest 13F filing with the Securities and Exchange Commission. (NASDAQ:AMZN – Free Report) up 5.4% in the fourth quarter. The fund owned 239,931 shares of the e-commerce giant after purchasing an additional 12,249 shares during the period. Amazon.com accounts for 1.0% of Picton Mahoney Asset Management’s portfolio, making it the 6th largest company. Picton Mahoney Asset Management’s stake in Amazon.com was worth $36,456,000, according to its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also made changes to their positions in the stock. In the third quarter, Vanguard Group Inc. increased its stake in Amazon.com shares by 4.4%. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. In the 3rd quarter, FMR LLC increased its stake in shares of Amazon.com by 7.7%. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Northern Trust Corp increased its stake in shares of Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Jennison Associates LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after acquiring an additional 1,389,503 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after acquiring an additional 1,525,922 shares in the last quarter. Institutional investors hold 72.20% of the company’s shares.

Insider activity on Amazon.com

In related news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction amount of $9,000,000.00. Following the completion of the sale, the CEO now owns 1,994,182 shares of the company’s stock valued at $358,952,760. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In related news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction amount of $9,000,000.00. Following the completion of the sale, the CEO now owns 1,994,182 shares of the company’s stock valued at $358,952,760. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44 for a total value of $3,771,048.96. Following the sale, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 117,894 shares of company stock worth $21,363,909. Insiders own 10.80% of the company’s shares.

The Wall Street analyst concludes

Several analysts have rated AMZN stock. BMO Capital Markets raised their target price on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Raymond James raised their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong buy” rating in a research note on Wednesday, May 1st. UBS Group raised their target price on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein increased their price target on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Mizuho increased their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One equity research analyst rated the company with a hold rating, forty-four issued a buy rating and one gave a strong buy rating to the company. Based on data from MarketBeat, the company’s average rating is “Buy” and the consensus price target is $211.62.

Read our latest research report on AMZN

Amazon.com stock performance

Amazon.com shares opened on Wednesday at $182.15. The company has a market capitalization of $1.90 trillion, a PE ratio of 51.02, a price-to-earnings-growth ratio of 1.29 and a beta of 1.15. Amazon.com, Inc. it has a 12 month low of $118.35 and a 12 month high of $191.70. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a fifty-day simple moving average of $182.29 and a 200-day simple moving average of $166.95.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, $0.15 above the analyst consensus of $0.83. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was up 12.5% ​​year-over-year. During the same quarter last year, the company earned $0.31 per share. Sell-side analysts predict that Amazon.com, Inc. will post an average of 4.72 EPS in the current fiscal year.

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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