PointState Capital LP Sells 1,263,966 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

PointState Capital LP cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 81.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 281,938 shares of the e-commerce giant’s stock after selling 1,263,966 shares during the quarter. Amazon.com accounts for 1.0% of PointState Capital LP’s holdings, making the stock its 21st largest position. PointState Capital LP’s holdings in Amazon.com were worth $52,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Menard Financial Group LLC raised its stake in Amazon.com by 3.2% in the third quarter. Menard Financial Group LLC now owns 28,741 shares of the e-commerce giant’s stock valued at $5,355,000 after purchasing an additional 884 shares in the last quarter. Miller Investment Management LP increased its holdings in Amazon.com by 137.5% in the 3rd quarter. Miller Investment Management LP now owns 48,966 shares of the e-commerce giant’s stock valued at $9,124,000 after buying an additional 28,351 shares during the period. Mission Creek Capital Partners Inc. raised its position in shares of Amazon.com by 0.3% in the 3rd quarter. Mission Creek Capital Partners Inc. now owns 50,531 shares of the e-commerce giant’s stock valued at $9,415,000 after buying an additional 174 shares in the last quarter. Motley Fool Asset Management LLC lifted its holdings in shares of Amazon.com by 15.1% during the 3rd quarter. Motley Fool Asset Management LLC now owns 439,669 shares of the e-commerce giant’s stock worth $81,396,000 after acquiring an additional 57,545 shares during the period. Finally, IHT Wealth Management LLC boosted its position in shares of Amazon.com by 20.1% during the 3rd quarter. IHT Wealth Management LLC now owns 242,035 shares of the e-commerce giant’s stock worth $45,077,000 after acquiring an additional 40,470 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMZN. Piper Sandler upped their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday. Wolfe Research lifted their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Moffett Nathanson increased their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Tigress Financial upped their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $243.67.

Amazon.com Stock Down 1.4 %

Shares of NASDAQ AMZN opened at $218.94 on Friday. Amazon.com, Inc. has a 12-month low of $149.91 and a 12-month high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.30 trillion, a PE ratio of 46.88, a P/E/G ratio of 1.54 and a beta of 1.14. The company’s fifty day simple moving average is $216.20 and its 200 day simple moving average is $195.41.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on 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 sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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.