Amazon.com, Inc. (NASDAQ:AMZN) is Lone Pine Capital LLC’s 2nd Largest Position

Lone Pine Capital LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,789,034 shares of the e-commerce giant’s stock after selling 1,693,233 shares during the quarter. Amazon.com accounts for about 6.2% of Lone Pine Capital LLC’s investment portfolio, making the stock its 2nd largest holding. Lone Pine Capital LLC’s holdings in Amazon.com were worth $831,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of AMZN. Accordant Advisory Group Inc lifted its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the period. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new stake in Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC lifted its holdings in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $206.16 on Tuesday. The business’s fifty day simple moving average is $189.48 and its 200-day simple moving average is $208.82. The company has a market cap of $2.19 trillion, a PE ratio of 37.28, a PEG ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The business 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 business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,620 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. This represents a 22.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,081 shares of company stock valued at $17,421,044. Corporate insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. StockNews.com cut Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Citizens Jmp decreased their target price on Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company reduced their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com 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.