Amazon.com, Inc. (NASDAQ:AMZN) is Gotham Asset Management LLC’s 8th Largest Position

Gotham Asset Management LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 349,691 shares of the e-commerce giant’s stock after selling 16,606 shares during the quarter. Amazon.com accounts for about 0.7% of Gotham Asset Management LLC’s holdings, making the stock its 8th biggest holding. Gotham Asset Management LLC’s holdings in Amazon.com were worth $76,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Graham Capital Management L.P. raised its holdings in Amazon.com by 344.9% in the fourth quarter. Graham Capital Management L.P. now owns 99,870 shares of the e-commerce giant’s stock valued at $21,910,000 after acquiring an additional 77,420 shares in the last quarter. Graver Capital Management LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $357,000. Greenline Partners LLC raised its holdings in Amazon.com by 12.3% in the fourth quarter. Greenline Partners LLC now owns 50,739 shares of the e-commerce giant’s stock valued at $11,132,000 after acquiring an additional 5,545 shares in the last quarter. Foxhaven Asset Management LP raised its holdings in Amazon.com by 7.5% in the fourth quarter. Foxhaven Asset Management LP now owns 2,132,998 shares of the e-commerce giant’s stock valued at $467,958,000 after acquiring an additional 148,480 shares in the last quarter. Finally, Full Sail Capital LLC raised its holdings in Amazon.com by 0.7% in the fourth quarter. Full Sail Capital LLC now owns 39,554 shares of the e-commerce giant’s stock valued at $8,678,000 after acquiring an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer now directly owns 2,148,694 shares of the company’s stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is owned by insiders.

Amazon.com Trading Down 1.0%

Shares of AMZN stock opened at $200.99 on Tuesday. The firm has a 50-day moving average price of $190.16 and a 200 day moving average price of $208.75. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, 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 (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMZN. Piper Sandler reaffirmed an “overweight” rating and issued a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Wall Street Zen cut shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Telsey Advisory Group reissued an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.09.

About Amazon.com

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.