Amazon.com, Inc. (NASDAQ:AMZN) Position Decreased by Cambiar Investors LLC

Cambiar Investors LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 374,392 shares of the e-commerce giant’s stock after selling 17,360 shares during the quarter. Amazon.com accounts for about 2.2% of Cambiar Investors LLC’s investment portfolio, making the stock its 6th biggest holding. Cambiar Investors LLC’s holdings in Amazon.com were worth $56,885,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. PayPay Securities Corp lifted its position in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its position in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Bruce G. Allen Investments LLC acquired a new position in Amazon.com during the fourth quarter valued at $57,000. Authentikos Wealth Advisory LLC acquired a new position in Amazon.com during the third quarter valued at $49,000. Finally, AM Squared Ltd acquired a new position in Amazon.com during the third quarter valued at $76,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. Canaccord Genuity Group boosted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Moffett Nathanson restated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. TD Cowen upped their price objective on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Royal Bank of Canada upped their price objective on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $204.76.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $176.59 on Thursday. The firm’s 50 day moving average price is $177.71 and its 200-day moving average price is $158.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The firm has a market cap of $1.83 trillion, a P/E ratio of 60.89, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the business posted $0.21 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 4.1 EPS for the current year.

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.