Bancreek Capital Management LP Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bancreek Capital Management LP lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,084 shares of the e-commerce giant’s stock after purchasing an additional 8,358 shares during the period. Amazon.com accounts for about 4.2% of Bancreek Capital Management LP’s portfolio, making the stock its 15th largest holding. Bancreek Capital Management LP’s holdings in Amazon.com were worth $5,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Bridgefront Capital LLC acquired a new position in shares of Amazon.com during the 1st quarter worth approximately $228,000. Krane Funds Advisors LLC lifted its holdings in Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new position in Amazon.com during the first quarter worth $258,000. My Personal CFO LLC acquired a new position in Amazon.com during the first quarter worth $261,000. Finally, Worth Asset Management LLC acquired a new position in Amazon.com during the first quarter worth $191,000. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price objective on shares of Amazon.com in a research note on Wednesday, April 19th. Deutsche Bank Aktiengesellschaft cut their target price on Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. DA Davidson raised their price target on Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Evercore ISI lowered their price target on Amazon.com from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Monday, April 3rd. Finally, JPMorgan Chase & Co. raised their price target on Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.12.

Amazon.com Trading Down 1.1 %

Amazon.com stock opened at $115.01 on Tuesday. The firm has a 50 day simple moving average of $104.08 and a 200-day simple moving average of $97.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The stock has a market capitalization of $1.18 trillion, a PE ratio of 273.83, a price-to-earnings-growth ratio of 4.04 and a beta of 1.26. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 2,299 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the completion of the sale, the chief executive officer now owns 138,320 shares in the company, valued at approximately $13,879,028.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of the stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the completion of the sale, the chief executive officer now owns 138,320 shares in the company, valued at approximately $13,879,028.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,599 shares of company stock worth $2,781,085. 12.30% of the stock is owned by corporate insiders.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.