Amazon.com, Inc. (NASDAQ:AMZN) is GAMMA Investing LLC's 4th Largest Position
GAMMA Investing LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,541 shares of the e-commerce giant's stock after purchasing an additional 21,336 shares during the quarter. Amazon.com makes up 2.6% of GAMMA Investing LLC's portfolio, making the stock its 4th biggest position. GAMMA Investing LLC's holdings in Amazon.com were worth $30,833,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of AMZN. Versant Capital Management Inc lifted its stake in shares of Amazon.com by 39.2% during the 4th quarter. Versant Capital Management Inc now owns 12,301 shares of the e-commerce giant's stock worth $2,699,000 after purchasing an additional 3,466 shares during the last quarter. First Financial Bank Trust Division raised its holdings in Amazon.com by 126.7% in the fourth quarter. First Financial Bank Trust Division now owns 45,877 shares of the e-commerce giant's stock worth $10,065,000 after purchasing an additional 25,644 shares in the last quarter. Trust Co of the South lifted its position in shares of Amazon.com by 25.9% during the fourth quarter. Trust Co of the South now owns 14,741 shares of the e-commerce giant's stock valued at $3,234,000 after buying an additional 3,028 shares during the last quarter. Global Wealth Strategies & Associates boosted its holdings in shares of Amazon.com by 25.7% in the 4th quarter. Global Wealth Strategies & Associates now owns 5,164 shares of the e-commerce giant's stock valued at $1,133,000 after buying an additional 1,055 shares in the last quarter. Finally, Old Port Advisors grew its position in shares of Amazon.com by 2.2% in the 4th quarter. Old Port Advisors now owns 7,945 shares of the e-commerce giant's stock worth $1,743,000 after buying an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.
Amazon.com stock opened at $225.94 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company's fifty day moving average price is $217.91 and its 200 day moving average price is $196.30. The stock has a market capitalization of $2.38 trillion, a P/E ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $233.00.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.
AMZN has been the subject of several recent analyst reports. Scotiabank raised their target price on shares of Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research note on Friday, November 1st. JMP Securities restated a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a research note on Friday, January 10th. Pivotal Research began coverage on Amazon.com in a research note on Friday, October 11th. They issued a "buy" rating and a $260.00 price target for the company. Loop Capital boosted their price target on Amazon.com from $225.00 to $275.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, Wolfe Research increased their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $245.65.
View Our Latest Stock Report on Amazon.com
In related news, Director Jonathan Rubinstein sold 4,351 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.
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.
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