Atika Capital Management LLC Has $39.55 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Atika Capital Management LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,250 shares of the e-commerce giant's stock after selling 51,750 shares during the period. Amazon.com comprises approximately 4.2% of Atika Capital Management LLC's portfolio, making the stock its 3rd biggest holding. Atika Capital Management LLC's holdings in Amazon.com were worth $39,545,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% during 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 acquiring an additional 17,635,391 shares in the last quarter. State Street Corp grew its holdings in shares of Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC raised its holdings in Amazon.com by 2.5% in 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 acquiring an additional 5,015,380 shares during the last quarter. Norges Bank bought a new position in Amazon.com in the 4th quarter valued at approximately $27,266,582,000. Finally, Bank of New York Mellon Corp boosted its stake in Amazon.com by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock valued at $14,719,407,000 after purchasing an additional 545,292 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were 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. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 5,848 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the completion of the sale, the senior vice president now owns 69,162 shares of the company's stock, valued at $15,265,436.64. This trade represents a 7.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,298 shares of company stock valued at $23,818,478. 9.70% of the stock is currently owned by insiders.

Amazon.com Price Performance

AMZN stock traded down $1.34 during trading on Tuesday, hitting $185.01. 28,305,174 shares of the company's stock traded hands, compared to its average volume of 41,616,201. The business has a fifty day simple moving average of $189.92 and a 200 day simple moving average of $208.04. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 1.50 and a beta of 1.30.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMZN shares. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Benchmark restated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday. Oppenheimer cut their target price on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Bank of America cut their price objective on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

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.