Duality Advisers LP Invests $4.41 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Duality Advisers LP bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) during the third quarter, according to its most recent filing with the SEC. The fund bought 34,674 shares of the e-commerce giant’s stock, valued at approximately $4,408,000. Amazon.com accounts for 0.5% of Duality Advisers LP’s investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds also recently made changes to their positions in AMZN. Leonard Rickey Investment Advisors P.L.L.C. lifted its position in Amazon.com by 2.5% in the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock valued at $1,518,000 after purchasing an additional 288 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in Amazon.com in the second quarter valued at approximately $123,733,000. King Wealth lifted its position in Amazon.com by 4.6% in the second quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock valued at $3,826,000 after purchasing an additional 1,296 shares during the last quarter. Meitav Investment House Ltd. lifted its position in Amazon.com by 3.3% in the second quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock valued at $81,543,000 after purchasing an additional 20,574 shares during the last quarter. Finally, Ascension Asset Management LLC bought a new stake in Amazon.com in the second quarter valued at approximately $2,001,000. 57.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Susquehanna upped their target price on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Robert W. Baird upped their target price on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Bank of America upped their price target on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Oppenheimer upped their price target on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, StockNews.com raised Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $197.95.

Read Our Latest Stock Analysis on AMZN

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 21,933 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total value of $3,128,961.78. Following the completion of the sale, the chief executive officer now owns 2,064,055 shares in the company, valued at approximately $294,458,086.30. The disclosure for this sale can be found here. Insiders have sold 61,829 shares of company stock worth $8,885,713 in the last three months. Insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $170.53 on Thursday. The stock has a 50 day moving average of $153.39 and a two-hundred day moving average of $141.60. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12 month low of $88.12 and a 12 month high of $172.50. The company has a market capitalization of $1.77 trillion, a P/E ratio of 58.80, a P/E/G ratio of 1.50 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 3.97 EPS for the current year.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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