a16z Perennial Management L.P. Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

a16z Perennial Management L.P. acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,520 shares of the e-commerce giant’s stock, valued at approximately $1,446,000. Amazon.com accounts for about 0.2% of a16z Perennial Management L.P.’s portfolio, making the stock its 14th largest holding.

A number of other hedge funds have also recently modified their holdings of the business. Socha Financial Group LLC grew its position in shares of Amazon.com by 3.3% during the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock valued at $303,000 after acquiring an additional 63 shares during the period. Lake Hills Wealth Management LLC grew its position in shares of Amazon.com by 0.8% during the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after acquiring an additional 65 shares during the period. Veery Capital LLC boosted its holdings in Amazon.com by 1.1% in the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after buying an additional 66 shares during the period. Bellwether Advisors LLC boosted its holdings in Amazon.com by 2.3% in the 4th quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after buying an additional 66 shares during the period. Finally, StrategIQ Financial Group LLC boosted its holdings in Amazon.com by 0.3% in the 4th quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock worth $3,534,000 after buying an additional 66 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now directly owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,894 shares of company stock worth $21,363,909. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $181.05 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of $1.88 trillion, a P/E ratio of 50.71, a P/E/G ratio of 1.32 and a beta of 1.15. The company’s 50-day simple moving average is $181.91 and its two-hundred day simple moving average is $165.77. Amazon.com, Inc. has a one year low of $114.31 and a one year high of $191.70.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMZN shares. UBS Group upped their target price on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Piper Sandler upped their target price on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Royal Bank of Canada upped their target price on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. Finally, Monness Crespi & Hardt upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $211.62.

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.