Xponance Inc. Acquires 7,215 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Xponance Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,112,536 shares of the e-commerce giant’s stock after acquiring an additional 7,215 shares during the quarter. Amazon.com comprises about 3.8% of Xponance Inc.’s holdings, making the stock its 3rd largest position. Xponance Inc.’s holdings in Amazon.com were worth $320,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. PayPay Securities Corp increased its stake in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $43,000. Harbor Investment Advisory LLC raised its holdings in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the period. Finally, Authentikos Wealth Advisory LLC acquired a new position in Amazon.com during the third quarter valued at approximately $49,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $188.00 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 1 year low of $105.16 and a 1 year high of $189.94. The firm has a fifty day moving average of $179.60 and a 200-day moving average of $161.63. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.66, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMZN shares. Maxim Group cut their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Stifel Nicolaus boosted their price objective on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Argus increased their target price on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Telsey Advisory Group boosted their price target on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Wolfe Research increased their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $211.62.

Insider Activity at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the transaction, the director now owns 4,760 shares in the company, valued at approximately $886,407.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares of the company’s stock, valued at $886,407.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold a total of 26,198,961 shares of company stock worth $4,482,430,577 in the last three months. 10.80% of the stock is owned by company insiders.

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.