Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Tybourne Capital Management HK Ltd.
Tybourne Capital Management HK Ltd. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 70.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,272 shares of the e-commerce giant's stock after selling 75,576 shares during the quarter. Amazon.com comprises about 1.7% of Tybourne Capital Management HK Ltd.'s holdings, making the stock its 15th largest holding. Tybourne Capital Management HK Ltd.'s holdings in Amazon.com were worth $6,861,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Momentous Wealth Management Inc. purchased a new position in Amazon.com in the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC boosted its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares during the last quarter. Bearing Point Capital LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $12,014,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after buying an additional 2,196,353 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.
In other news, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,537 shares of company stock valued at $20,018,625. Company insiders own 9.70% of the company's stock.
Several equities analysts have recently commented on the company. Evercore ISI reduced their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Royal Bank of Canada reduced their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. BNP Paribas upgraded Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. Benchmark reiterated a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Rosenblatt Securities increased their target price on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $244.09.
Get Our Latest Analysis on AMZN
Shares of AMZN opened at $203.93 on Friday. The firm has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. 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, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock's fifty day moving average is $190.57 and its 200-day moving average is $208.66.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Amazon.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amazon.com wasn't on the list.
While Amazon.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
