Hyperion Asset Management Ltd Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hyperion Asset Management Ltd reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,379,544 shares of the e-commerce giant’s stock after selling 114,774 shares during the period. Amazon.com accounts for 10.0% of Hyperion Asset Management Ltd’s holdings, making the stock its 2nd biggest holding. Hyperion Asset Management Ltd’s holdings in Amazon.com were worth $302,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of AMZN. Norges Bank purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $27,266,582,000. Capital World Investors raised its holdings in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock worth $12,564,961,000 after buying an additional 12,000,745 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm’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 transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. Scotiabank cut their price objective on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 21st. Royal Bank of Canada dropped their price target on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Citizens Jmp decreased their price target 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. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $244.09.

Amazon.com Stock Down 1.0%

Shares of Amazon.com stock opened at $200.99 on Tuesday. 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. The stock has a market cap of $2.13 trillion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a fifty day moving average price of $190.16 and a 200 day moving average price of $208.75.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.