Amazon.com, Inc. (NASDAQ:AMZN) Position Trimmed by Global Endowment Management LP

Global Endowment Management LP decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,719 shares of the e-commerce giant's stock after selling 1,718 shares during the quarter. Amazon.com comprises 1.0% of Global Endowment Management LP's investment portfolio, making the stock its 19th largest holding. Global Endowment Management LP's holdings in Amazon.com were worth $7,836,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sassicaia Capital Advisers LLC acquired a new stake in shares of Amazon.com during the third quarter worth $279,000. Howard Capital Management Group LLC increased its stake in Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after buying an additional 897 shares during the period. Principal Financial Group Inc. raised its position in 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. Arete Wealth Advisors LLC acquired a new stake in shares of Amazon.com in the 3rd quarter worth $14,648,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Amazon.com in the 3rd quarter worth $324,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were 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 of the company's stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,798 shares of company stock valued at $17,486,053 in the last quarter. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Rosenblatt Securities raised their price target on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Cantor Fitzgerald upped their target price on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Tigress Financial lifted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Evercore ISI decreased their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Barclays dropped their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Performance

AMZN traded down $1.12 during trading hours on Wednesday, hitting $210.25. 38,323,768 shares of the stock were exchanged, compared to its average volume of 41,966,896. The stock has a market cap of $2.23 trillion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The stock has a 50-day simple moving average of $188.72 and a 200-day simple moving average of $208.27. 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, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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. 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 period in the prior year, the company earned $0.98 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. Analysts anticipate 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.