HighVista Strategies LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

HighVista Strategies LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 78.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,193 shares of the e-commerce giant’s stock after purchasing an additional 14,200 shares during the period. Amazon.com comprises 2.1% of HighVista Strategies LLC’s investment portfolio, making the stock its 2nd largest holding. HighVista Strategies LLC’s holdings in Amazon.com were worth $5,999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hilltop Holdings Inc. grew its holdings in shares of Amazon.com by 78.8% during the third quarter. Hilltop Holdings Inc. now owns 120,366 shares of the e-commerce giant’s stock worth $22,428,000 after purchasing an additional 53,058 shares during the last quarter. Hollow Brook Wealth Management LLC lifted its stake in shares of Amazon.com by 15.7% in the third quarter. Hollow Brook Wealth Management LLC now owns 16,254 shares of the e-commerce giant’s stock worth $3,029,000 after acquiring an additional 2,200 shares during the period. Clearline Capital LP lifted its stake in shares of Amazon.com by 2.3% in the third quarter. Clearline Capital LP now owns 239,721 shares of the e-commerce giant’s stock worth $44,667,000 after acquiring an additional 5,320 shares during the period. Coastwise Capital Group LLC lifted its stake in shares of Amazon.com by 3.1% in the third quarter. Coastwise Capital Group LLC now owns 25,355 shares of the e-commerce giant’s stock worth $4,724,000 after acquiring an additional 773 shares during the period. Finally, Community Bank N.A. lifted its stake in shares of Amazon.com by 7.2% in the third quarter. Community Bank N.A. now owns 36,288 shares of the e-commerce giant’s stock worth $6,761,000 after acquiring an additional 2,436 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 1.4 %

Shares of NASDAQ:AMZN opened at $218.94 on Friday. The company has a market capitalization of $2.30 trillion, a PE ratio of 46.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business has a fifty day moving average price of $216.20 and a two-hundred day moving average price of $195.34. Amazon.com, Inc. has a 1 year low of $149.91 and a 1 year high of $233.00.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm 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 business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. Analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Susquehanna lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Morgan Stanley lifted their price objective on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Rosenblatt Securities lifted their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.67.

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.