Amazon.com, Inc. (NASDAQ:AMZN) Position Decreased by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 351,174 shares of the e-commerce giant's stock after selling 18,280 shares during the quarter. Amazon.com makes up about 5.3% of Mar Vista Investment Partners LLC's investment portfolio, making the stock its 3rd biggest position. Mar Vista Investment Partners LLC's holdings in Amazon.com were worth $77,044,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Howard Capital Management Group LLC increased its holdings in shares of 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 last quarter. Principal Financial Group Inc. increased its holdings in shares of Amazon.com by 5.1% during 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 during the last quarter. Second Line Capital LLC increased its holdings in shares of Amazon.com by 141.1% during the 3rd quarter. Second Line Capital LLC now owns 20,523 shares of the e-commerce giant's stock worth $3,824,000 after buying an additional 12,011 shares during the last quarter. Unigestion Holding SA increased its holdings in shares of Amazon.com by 17.4% during the 3rd quarter. Unigestion Holding SA now owns 19,784 shares of the e-commerce giant's stock worth $3,686,000 after buying an additional 2,928 shares during the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of Amazon.com by 1.2% during the 3rd quarter. Westside Investment Management Inc. now owns 54,073 shares of the e-commerce giant's stock worth $10,047,000 after buying an additional 629 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. UBS Group restated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Evercore ISI dropped their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. StockNews.com downgraded Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. raised their price objective on Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Up 0.2%

NASDAQ:AMZN opened at $205.59 on Friday. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a 50-day simple moving average of $189.33 and a 200 day simple moving average of $208.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results 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 return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the firm earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts predict 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 firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This trade represents a 15.47% 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, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock valued at $17,696,733 over the last quarter. Insiders own 9.70% of the company's stock.

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.

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