Bwcp LP Invests $25.18 Million in Amazon.com, Inc. $AMZN

Bwcp LP purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 114,756 shares of the e-commerce giant’s stock, valued at approximately $25,176,000. Amazon.com makes up approximately 4.1% of Bwcp LP’s portfolio, making the stock its 10th biggest position.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 2.1% in the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after buying an additional 17,447,045 shares in the last quarter. State Street Corp increased its position in shares of Amazon.com by 1.4% during the second quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock valued at $82,073,203,000 after acquiring an additional 5,163,208 shares in the last quarter. Geode Capital Management LLC raised its holdings in Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock worth $47,332,625,000 after acquiring an additional 3,721,658 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its position in Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after acquiring an additional 132,616,953 shares in the last quarter. Finally, Norges Bank purchased a new stake in Amazon.com during the 2nd quarter valued at $27,438,011,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $226.19 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The firm has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $229.35 and a 200 day moving average of $224.73.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same period last year, the firm earned $1.43 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the transaction, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 82,234 shares of company stock valued at $19,076,767 in the last ninety days. Corporate insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMZN. Wells Fargo & Company restated an “overweight” rating and issued a $295.00 price target (up previously from $292.00) on shares of Amazon.com in a research note on Tuesday, December 2nd. New Street Research boosted their target price on Amazon.com from $270.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $305.00 price target on shares of Amazon.com in a report on Friday. Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, William Blair restated an “outperform” rating on shares of Amazon.com in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $295.43.

Amazon.com Profile

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.