3G Capital Partners LP Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

3G Capital Partners LP trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 63.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,000 shares of the e-commerce giant’s stock after selling 115,000 shares during the quarter. Amazon.com makes up 4.1% of 3G Capital Partners LP’s portfolio, making the stock its 12th biggest holding. 3G Capital Partners LP’s holdings in Amazon.com were worth $14,260,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth $27,000. LSV Asset Management purchased a new position in Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc lifted its position in Amazon.com by 72.7% during the fourth 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 position in Amazon.com by 23.8% during the fourth 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 Down 1.4%

AMZN opened at $201.12 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $189.74 and a 200-day moving average price of $208.74. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 36.37, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last issued 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 firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Citigroup reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Friday, May 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Evercore ISI cut their target price on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Benchmark reaffirmed a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Truist Financial cut their target price on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $244.09.

Insider Activity

In other news, CEO Douglas J. Herrington sold 4,784 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $205.05, for a total value of $980,959.20. Following the completion of the sale, the chief executive officer now owns 514,150 shares in the company, valued at approximately $105,426,457.50. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $10,933,860. This trade represents a 22.98% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,081 shares of company stock worth $17,421,044. 9.70% of the stock is currently owned by insiders.

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.