Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Reduced by ArchPoint Investors

ArchPoint Investors lessened its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 96,160 shares of the e-commerce giant's stock after selling 2,140 shares during the period. Amazon.com comprises 6.9% of ArchPoint Investors' portfolio, making the stock its 2nd largest holding. ArchPoint Investors' holdings in Amazon.com were worth $21,097,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMZN. Cable Hill Partners LLC increased its holdings in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after buying an additional 44 shares during the last quarter. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the period. Northern Capital Management Inc. increased its stake in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after acquiring an additional 45 shares during the last quarter. White Wing Wealth Management raised its holdings in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares during the period. Finally, MBM Wealth Consultants LLC lifted its stake in shares of Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMZN. Benchmark restated a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Mizuho dropped their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. BNP Paribas upgraded Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,298 shares of company stock worth $23,818,478. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

AMZN stock traded up $3.70 during trading hours on Wednesday, hitting $188.71. 43,929,015 shares of the stock traded hands, compared to its average volume of 41,656,015. The stock has a 50-day simple moving average of $189.45 and a 200 day simple moving average of $207.88. The company has a market cap of $2.00 trillion, a P/E ratio of 34.12, a P/E/G 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 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 - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping 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 company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business's revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.