Weitz Investment Management Inc. Sells 5,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Weitz Investment Management Inc. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 247,500 shares of the e-commerce giant's stock after selling 5,000 shares during the quarter. Amazon.com accounts for approximately 2.8% of Weitz Investment Management Inc.'s holdings, making the stock its 13th biggest position. Weitz Investment Management Inc.'s holdings in Amazon.com were worth $54,299,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Accordant Advisory Group Inc increased its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the 4th quarter valued at about $27,000. Icon Wealth Advisors LLC raised its position in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC grew its position in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 0.1 %

Shares of AMZN traded down $0.22 on Friday, reaching $189.98. 77,794,995 shares of the company's stock were exchanged, compared to its average volume of 41,684,289. The business has a 50 day moving average price of $190.48 and a two-hundred day moving average price of $207.77. 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, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $154.96 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock worth $23,341,803 in the last ninety days. Company insiders own 10.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AMZN shares. Westpark Capital reissued a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday. Truist Financial dropped their price objective on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Citigroup decreased their target price on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group reduced their target price on Amazon.com from $272.00 to $253.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Cantor Fitzgerald lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $243.55.

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.