Melqart Asset Management UK Ltd Acquires 2,100 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Melqart Asset Management UK Ltd boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 56.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,833 shares of the e-commerce giant’s stock after acquiring an additional 2,100 shares during the quarter. Amazon.com makes up approximately 0.8% of Melqart Asset Management UK Ltd’s portfolio, making the stock its 26th largest holding. Melqart Asset Management UK Ltd’s holdings in Amazon.com were worth $18,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Prentiss Smith & Co. Inc. raised its position in Amazon.com by 14.8% during the first quarter. Prentiss Smith & Co. Inc. now owns 248 shares of the e-commerce giant’s stock valued at $767,000 after acquiring an additional 32 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Amazon.com by 10.6% in the first quarter. Geneos Wealth Management Inc. now owns 8,788 shares of the e-commerce giant’s stock valued at $30,471,000 after purchasing an additional 845 shares during the period. Prentice Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $1,151,000. Tompkins Financial Corp raised its position in shares of Amazon.com by 6.6% in the first quarter. Tompkins Financial Corp now owns 2,546 shares of the e-commerce giant’s stock valued at $7,878,000 after purchasing an additional 157 shares during the period. Finally, KB Financial Partners LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $1,123,000. 57.03% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:AMZN traded up $41.10 on Thursday, hitting $3,626.30. 129,957 shares of the stock were exchanged, compared to its average volume of 3,376,469. The firm has a market capitalization of $1.83 trillion, a PE ratio of 68.76, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $2,871.00 and a 52 week high of $3,773.08. The company has a quick ratio of 0.85, a current ratio of 1.05 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average of $3,407.47.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Wednesday, April 28th. The e-commerce giant reported $15.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $9.54 by $6.25. The firm had revenue of $108.52 billion during the quarter, compared to analysts’ expectations of $105.23 billion. Amazon.com had a return on equity of 30.47% and a net margin of 6.42%. Sell-side analysts predict that Amazon.com, Inc. will post 57.32 EPS for the current year.

AMZN has been the topic of a number of recent analyst reports. Mizuho lifted their price target on shares of Amazon.com from $4,000.00 to $4,400.00 and gave the company a “buy” rating in a research report on Friday, April 30th. BMO Capital Markets lifted their price target on shares of Amazon.com from $4,200.00 to $4,300.00 and gave the company an “outperform” rating in a research report on Friday, April 30th. Truist lifted their price target on shares of Amazon.com from $3,750.00 to $4,000.00 in a research report on Friday, April 30th. Raymond James lifted their price target on shares of Amazon.com from $4,000.00 to $4,125.00 and gave the company an “outperform” rating in a research report on Friday, April 30th. Finally, Piper Sandler boosted their target price on shares of Amazon.com from $3,903.00 to $4,000.00 and gave the stock an “overweight” rating in a research report on Friday, April 30th. Two equities research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $4,165.46.

In other news, VP Shelley Reynolds sold 222 shares of the company’s stock in a transaction dated Monday, May 17th. The stock was sold at an average price of $3,245.93, for a total value of $720,596.46. Following the completion of the sale, the vice president now directly owns 6,211 shares of the company’s stock, valued at approximately $20,160,471.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 109,945 shares of the company’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $3,459.88, for a total value of $380,396,506.60. Following the completion of the sale, the chief executive officer now directly owns 52,941,144 shares of the company’s stock, valued at $183,170,005,302.72. The disclosure for this sale can be found here. Insiders have sold a total of 131,283 shares of company stock valued at $450,104,986 over the last three months. Company insiders own 14.00% of the company’s stock.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Featured Article: How to Invest in the Dividend Aristocrat Index

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.