Twenty Acre Capital LP Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Twenty Acre Capital LP cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,900 shares of the e-commerce giant’s stock after selling 5,100 shares during the period. Amazon.com accounts for 6.2% of Twenty Acre Capital LP’s investment portfolio, making the stock its 6th largest holding. Twenty Acre Capital LP’s holdings in Amazon.com were worth $7,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Circle Wealth Management LLC boosted its holdings in Amazon.com by 1.4% in the third quarter. Circle Wealth Management LLC now owns 287,562 shares of the e-commerce giant’s stock valued at $53,581,000 after acquiring an additional 3,908 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in Amazon.com in the third quarter valued at approximately $14,648,000. Auxier Asset Management lifted its stake in Amazon.com by 3.4% in the third quarter. Auxier Asset Management now owns 6,090 shares of the e-commerce giant’s stock valued at $1,135,000 after buying an additional 200 shares during the period. Captrust Financial Advisors lifted its stake in Amazon.com by 4.6% in the third quarter. Captrust Financial Advisors now owns 1,842,976 shares of the e-commerce giant’s stock valued at $343,402,000 after buying an additional 80,651 shares during the period. Finally, William Allan Corp lifted its stake in Amazon.com by 2.0% in the third quarter. William Allan Corp now owns 19,319 shares of the e-commerce giant’s stock valued at $3,600,000 after buying an additional 382 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 0.0 %

AMZN stock opened at $222.13 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 47.57, a PEG ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $148.21 and a fifty-two week high of $233.00. The stock has a fifty day moving average of $215.07 and a 200-day moving average of $194.92.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Moffett Nathanson boosted their price target on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada boosted their price target on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Maxim Group boosted their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities upped their target price on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Piper Sandler upped their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $243.67.

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.