Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Gavilan Investment Partners LLC

Gavilan Investment Partners LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 220,000 shares of the e-commerce giant's stock after selling 17,000 shares during the period. Amazon.com accounts for approximately 13.4% of Gavilan Investment Partners LLC's holdings, making the stock its biggest holding. Gavilan Investment Partners LLC's holdings in Amazon.com were worth $48,266,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMZN. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com in the 3rd quarter worth approximately $279,000. Howard Capital Management Group LLC increased its stake in Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after buying an additional 897 shares during the period. Principal Financial Group Inc. lifted its holdings in Amazon.com by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock worth $3,757,589,000 after buying an additional 984,570 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its position in Amazon.com by 25.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 367,604 shares of the e-commerce giant's stock valued at $68,485,000 after buying an additional 73,696 shares during the last quarter. Finally, Concentric Wealth Management LLC increased its position in shares of Amazon.com by 3.4% during the third quarter. Concentric Wealth Management LLC now owns 12,266 shares of the e-commerce giant's stock worth $2,286,000 after acquiring an additional 402 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $3.70 during trading on Wednesday, hitting $188.71. 43,929,015 shares of the company's stock traded hands, compared to its average volume of 41,656,015. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.00 trillion, a PE ratio of 34.12, a PEG ratio of 1.50 and a beta of 1.30. The firm's fifty day moving average price is $189.45 and its 200 day moving average price is $207.88.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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. The company 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 company's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. UBS Group restated a "buy" rating on shares of Amazon.com in a research note on Tuesday. BNP Paribas raised Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Benchmark reiterated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Rosenblatt Securities increased their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Barclays dropped their price target on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $244.09.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,298 shares of company stock valued at $23,818,478. 9.70% of the stock is currently 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.