L & S Advisors Inc Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

L & S Advisors Inc lessened its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 90,052 shares of the e-commerce giant's stock after selling 2,562 shares during the period. Amazon.com makes up 2.2% of L & S Advisors Inc's investment portfolio, making the stock its 6th largest holding. L & S Advisors Inc's holdings in Amazon.com were worth $19,757,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. MV Capital Management Inc. lifted its stake in shares of Amazon.com by 1.1% in the fourth quarter. MV Capital Management Inc. now owns 13,614 shares of the e-commerce giant's stock valued at $2,987,000 after purchasing an additional 148 shares during the period. Okabena Investment Services Inc. lifted its position in shares of Amazon.com by 48.7% during the 4th quarter. Okabena Investment Services Inc. now owns 10,148 shares of the e-commerce giant's stock valued at $2,226,000 after acquiring an additional 3,324 shares during the period. Allianz SE purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $116,115,000. Tucker Asset Management LLC grew its holdings in shares of Amazon.com by 13.2% in the 4th quarter. Tucker Asset Management LLC now owns 3,282 shares of the e-commerce giant's stock worth $720,000 after acquiring an additional 383 shares during the period. Finally, Prime Capital Investment Advisors LLC increased its stake in Amazon.com by 2.1% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 536,932 shares of the e-commerce giant's stock valued at $117,798,000 after purchasing an additional 11,109 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 0.2 %

AMZN stock traded down $0.29 during midday trading on Friday, reaching $189.91. The company had a trading volume of 62,657,661 shares, compared to its average volume of 41,679,924. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 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. The company has a market capitalization of $2.01 trillion, a P/E ratio of 34.35, a PEG ratio of 1.50 and a beta of 1.39. The company has a 50 day moving average of $190.94 and a two-hundred day moving average of $207.76.

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. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Rosenblatt Securities increased their target price on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday. DA Davidson decreased their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Needham & Company LLC restated a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a report on Friday. Finally, Citizens Jmp cut their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $242.75.

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.