Belmont Capital LLC Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Belmont Capital LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,404 shares of the e-commerce giant's stock after selling 13,322 shares during the period. Amazon.com makes up about 5.0% of Belmont Capital LLC's holdings, making the stock its 5th biggest position. Belmont Capital LLC's holdings in Amazon.com were worth $30,803,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. FMR LLC boosted its position in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Norges Bank purchased a new stake in shares of Amazon.com in the 4th quarter worth about $27,266,582,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Amazon.com by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock worth $14,719,407,000 after buying an additional 545,292 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Maxim Group boosted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Citizens Jmp decreased 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 report on Monday, April 14th. UBS Group reiterated a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Raymond James reiterated an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Finally, JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Stock Up 0.2%

NASDAQ AMZN traded up $0.42 on Friday, reaching $205.59. The company had a trading volume of 43,001,394 shares, compared to its average volume of 41,989,030. The firm has a market capitalization of $2.18 trillion, a PE ratio of 37.18, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a 50-day moving average of $189.33 and a 200-day moving average of $208.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,798 shares of company stock worth $17,696,733 in the last 90 days. 9.70% of the stock is owned by company 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.