D1 Capital Partners L.P. Has $89.78 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

D1 Capital Partners L.P. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 66.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 409,234 shares of the e-commerce giant’s stock after selling 802,000 shares during the period. Amazon.com comprises about 1.5% of D1 Capital Partners L.P.’s portfolio, making the stock its 24th largest holding. D1 Capital Partners L.P.’s holdings in Amazon.com were worth $89,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Principal Financial Group Inc. raised its holdings in shares of Amazon.com by 5.1% in the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant’s stock valued at $3,757,589,000 after purchasing an additional 984,570 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Amazon.com by 61.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 298,678 shares of the e-commerce giant’s stock valued at $55,653,000 after purchasing an additional 114,043 shares during the last quarter. Tri Ri Asset Management Corp purchased a new stake in shares of Amazon.com in the third quarter valued at about $9,821,000. Asset Advisors Investment Management LLC grew its position in Amazon.com by 1.3% during the third quarter. Asset Advisors Investment Management LLC now owns 116,869 shares of the e-commerce giant’s stock valued at $21,776,000 after buying an additional 1,499 shares during the period. Finally, Franklin Resources Inc. grew its position in Amazon.com by 0.5% during the third quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant’s stock valued at $8,843,714,000 after buying an additional 257,072 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. The Goldman Sachs Group reduced their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Bank of America reduced their price target on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Jefferies Financial Group reduced their price target on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Piper Sandler restated an “overweight” rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $244.09.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This trade represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock valued at $17,696,733 over the last three months. 9.70% of the stock is owned by corporate insiders.

Amazon.com Trading Up 0.2%

Shares of AMZN opened at $205.59 on Friday. The firm’s 50 day simple moving average is $189.33 and its 200 day simple moving average is $208.61. The company has a market capitalization of $2.18 trillion, a P/E ratio of 37.18, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.98 earnings per share. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.