Amazon.com, Inc. (NASDAQ:AMZN) Position Lessened by Avenir Corp

Avenir Corp decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 406,500 shares of the e-commerce giant's stock after selling 14,179 shares during the quarter. Amazon.com comprises approximately 9.1% of Avenir Corp's investment portfolio, making the stock its 3rd largest holding. Avenir Corp's holdings in Amazon.com were worth $89,182,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AMZN. Twenty Acre Capital LP increased its position in Amazon.com by 6.3% in the 4th quarter. Twenty Acre Capital LP now owns 40,300 shares of the e-commerce giant's stock valued at $8,841,000 after buying an additional 2,400 shares in the last quarter. Demars Financial Group LLC grew its stake in Amazon.com by 21,944.6% in the fourth quarter. Demars Financial Group LLC now owns 1,850,864 shares of the e-commerce giant's stock valued at $406,061,000 after acquiring an additional 1,842,468 shares during the period. Greenwood Gearhart Inc. grew its stake in Amazon.com by 5.1% in the fourth quarter. Greenwood Gearhart Inc. now owns 118,121 shares of the e-commerce giant's stock valued at $25,915,000 after acquiring an additional 5,711 shares during the period. MSH Capital Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $2,681,000. Finally, Zacks Investment Management raised its position in shares of Amazon.com by 2.6% during the fourth quarter. Zacks Investment Management now owns 1,056,763 shares of the e-commerce giant's stock worth $231,843,000 after purchasing an additional 26,809 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the 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 sale, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,798 shares of company stock valued at $17,486,053. Company insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AMZN shares. Citizens Jmp decreased their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Scotiabank lowered their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group cut their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 25th. Finally, Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Four 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Stock Performance

AMZN traded down $1.12 during trading hours on Wednesday, hitting $210.25. The stock had a trading volume of 38,323,768 shares, compared to its average volume of 41,966,896. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company's fifty day simple moving average is $188.72 and its 200 day simple moving average is $208.27. The stock has a market cap of $2.23 trillion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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 firm 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 earned $0.98 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. Equities 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.