Voyager Global Management LP Buys 225,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Voyager Global Management LP grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 19.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,375,000 shares of the e-commerce giant’s stock after purchasing an additional 225,000 shares during the quarter. Amazon.com makes up approximately 11.1% of Voyager Global Management LP’s portfolio, making the stock its 3rd largest holding. Voyager Global Management LP’s holdings in Amazon.com were worth $256,204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. ACT Advisors LLC. grew its position in shares of Amazon.com by 23.3% in the second quarter. ACT Advisors LLC. now owns 2,883 shares of the e-commerce giant’s stock valued at $557,000 after purchasing an additional 545 shares during the last quarter. Oldfather Financial Services LLC boosted its stake in Amazon.com by 15.2% during the 2nd quarter. Oldfather Financial Services LLC now owns 2,124 shares of the e-commerce giant’s stock valued at $410,000 after purchasing an additional 281 shares during the period. TrueWealth Advisors LLC grew its holdings in Amazon.com by 6.3% in the 2nd quarter. TrueWealth Advisors LLC now owns 7,061 shares of the e-commerce giant’s stock valued at $1,365,000 after buying an additional 416 shares during the last quarter. Silverleafe Capital Partners LLC increased its position in Amazon.com by 2.5% in the 2nd quarter. Silverleafe Capital Partners LLC now owns 4,685 shares of the e-commerce giant’s stock worth $905,000 after buying an additional 115 shares during the period. Finally, Planned Solutions Inc. acquired a new position in shares of Amazon.com during the second quarter worth approximately $202,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s 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 completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. 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 ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Down 1.4 %

NASDAQ AMZN opened at $218.94 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.30 trillion, a P/E ratio of 46.88, a PEG ratio of 1.54 and a beta of 1.14. The business has a fifty day simple moving average of $216.20 and a 200 day simple moving average of $195.42. Amazon.com, Inc. has a 12 month low of $149.91 and a 12 month high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. On average, analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. Tigress Financial boosted their target price 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. Needham & Company LLC restated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday. DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Finally, Piper Sandler upped their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $243.67.

About Amazon.com

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.