83,508 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Arrowpoint Investment Partners Singapore Pte. Ltd.

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 83,508 shares of the e-commerce giant’s stock, valued at approximately $18,321,000. Amazon.com comprises 3.8% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s investment portfolio, making the stock its 2nd largest position.

Several other large investors also recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter worth $27,000. Accordant Advisory Group Inc boosted its stake in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the period. LSV Asset Management purchased a new position in Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the period. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com during the fourth quarter worth $51,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares in the company, valued at $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock worth $20,018,625 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN opened at $206.65 on Tuesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.19 trillion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm’s 50-day moving average price is $190.68 and its 200-day moving average price is $208.63.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMZN shares. Stifel Nicolaus dropped their price objective on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Wedbush reissued an “outperform” rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Truist Financial lowered their target price on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Cantor Fitzgerald boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Citigroup reissued an “outperform” rating on shares of Amazon.com in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $244.57.

Amazon.com Company 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.