Cinctive Capital Management LP Has $9 Million Stock Holdings in Amazon.com, Inc. $AMZN

Cinctive Capital Management LP decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 28.7% in the third quarter, Holdings Channel reports. The institutional investor owned 41,005 shares of the e-commerce giant’s stock after selling 16,511 shares during the quarter. Cinctive Capital Management LP’s holdings in Amazon.com were worth $9,003,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC boosted its position in Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Sellwood Investment Partners LLC purchased a new position in Amazon.com in the third quarter valued at about $27,000. Bridge Generations Wealth Management LLC increased its position in Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 233 shares during the last quarter. Cooksen Wealth LLC raised its stake in shares of Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares in the last quarter. Finally, PayPay Securities Corp raised its stake in shares of Amazon.com by 62.3% during the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock worth $55,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on AMZN shares. Arete Research boosted their price target on Amazon.com from $283.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. President Capital cut their price objective on shares of Amazon.com from $320.00 to $296.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. DA Davidson reiterated a “neutral” rating and issued a $175.00 target price (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research report on Friday, February 6th. Finally, Scotiabank restated an “outperform” rating and set a $275.00 price target (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have issued a Hold 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 $286.93.

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More Amazon.com News

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Amazon.com Stock Down 0.9%

Shares of Amazon.com stock opened at $207.67 on Monday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $222.93 and a two-hundred day moving average price of $226.67. The stock has a market capitalization of $2.23 trillion, a P/E ratio of 28.96, a PEG ratio of 1.56 and a beta of 1.40.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. During the same period in the prior year, the business earned $1.86 EPS. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 6,835 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.82, for a total transaction of $1,406,779.70. Following the completion of the sale, the chief executive officer directly owned 522,361 shares in the company, valued at $107,512,341.02. This represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the completion of the sale, the chief executive officer directly owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. This represents a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 71,686 shares of company stock worth $14,688,739 in the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

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

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