Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lessened by Altimeter Capital Management LP

Altimeter Capital Management LP lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 871,225 shares of the e-commerce giant’s stock after selling 31,065 shares during the period. Amazon.com accounts for approximately 3.4% of Altimeter Capital Management LP’s portfolio, making the stock its 7th largest holding. Altimeter Capital Management LP’s holdings in Amazon.com were worth $191,138,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AMZN. AmeriServ Wealth Advisors purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $618,000. Anatole Investment Management Ltd lifted its stake in shares of Amazon.com by 6,040.9% during the fourth quarter. Anatole Investment Management Ltd now owns 245,020 shares of the e-commerce giant’s stock valued at $53,755,000 after buying an additional 241,030 shares during the period. Apex Wealth Management LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $4,176,000. Arrowroot Family Office LLC lifted its stake in shares of Amazon.com by 50.8% during the fourth quarter. Arrowroot Family Office LLC now owns 7,662 shares of the e-commerce giant’s stock valued at $1,681,000 after buying an additional 2,581 shares during the period. Finally, Asset Management Group Inc. lifted its stake in shares of Amazon.com by 0.6% during the fourth quarter. Asset Management Group Inc. now owns 41,817 shares of the e-commerce giant’s stock valued at $9,174,000 after buying an additional 245 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. The trade was a 27.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,996 shares of company stock valued at $6,316,899. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $203.10 on Friday. The company has a fifty day simple moving average of $189.89 and a 200 day simple moving average of $208.79. The firm has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.73, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve 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 released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. DA Davidson reduced their price objective on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Citizens Jmp reduced their price objective on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Cantor Fitzgerald increased their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. 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 MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $244.09.

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.