Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by 11 Capital Partners LP

11 Capital Partners LP reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 29.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 116,479 shares of the e-commerce giant’s stock after selling 47,830 shares during the quarter. Amazon.com makes up 10.3% of 11 Capital Partners LP’s investment portfolio, making the stock its 2nd largest holding. 11 Capital Partners LP’s holdings in Amazon.com were worth $25,554,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% during the fourth 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 last quarter. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the fourth quarter worth $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC boosted its holdings in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AMZN shares. Piper Sandler reissued an “overweight” rating and issued a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Barclays decreased their price target on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Loop Capital lifted their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group reduced their price target on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Oppenheimer dropped their price objective on Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $244.09.

Amazon.com Stock Performance

Shares of Amazon.com 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 firm has a market capitalization of $2.19 trillion, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. 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 (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $10,933,860. This represents a 22.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,081 shares of company stock worth $17,421,044 over the last ninety days. 9.70% of the stock is owned by corporate insiders.

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.