Voyager Global Management LP Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Voyager Global Management LP lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,200,000 shares of the e-commerce giant’s stock after selling 175,000 shares during the period. Amazon.com accounts for about 10.5% of Voyager Global Management LP’s portfolio, making the stock its 5th biggest position. Voyager Global Management LP’s holdings in Amazon.com were worth $263,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC increased its stake in Amazon.com by 193.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,360,335 shares of the e-commerce giant’s stock worth $1,176,005,000 after acquiring an additional 3,536,276 shares during the period. Topsail Wealth Management LLC bought a new position in Amazon.com during the 4th quarter worth $2,726,000. Keyvantage Wealth LLC bought a new position in Amazon.com during the 4th quarter worth $2,735,000. Hancock Whitney Corp increased its stake in Amazon.com by 5.7% during the 4th quarter. Hancock Whitney Corp now owns 457,440 shares of the e-commerce giant’s stock worth $100,358,000 after acquiring an additional 24,570 shares during the period. Finally, Seven Springs Wealth Group LLC increased its stake in Amazon.com by 5.3% during the 4th quarter. Seven Springs Wealth Group LLC now owns 30,697 shares of the e-commerce giant’s stock worth $6,735,000 after acquiring an additional 1,533 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock valued at $17,696,733 in the last ninety days. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Up 0.2%

Shares of NASDAQ:AMZN opened at $205.59 on Friday. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.18, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business’s 50-day moving average is $189.33 and its 200-day moving average is $208.61. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMZN shares. Royal Bank of Canada decreased their price target on Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Citizens Jmp decreased their price target on Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Truist Financial decreased their price target on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Oppenheimer decreased their price target on Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $244.09.

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.