3G Capital Partners LP Sells 115,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

3G Capital Partners LP decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 63.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,000 shares of the e-commerce giant's stock after selling 115,000 shares during the quarter. Amazon.com comprises approximately 4.1% of 3G Capital Partners LP's investment portfolio, making the stock its 12th biggest holding. 3G Capital Partners LP's holdings in Amazon.com were worth $14,260,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Regent Peak Wealth Advisors LLC boosted its stake in Amazon.com by 0.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after acquiring an additional 318 shares during the last quarter. LVM Capital Management Ltd. MI lifted its position in shares of Amazon.com by 16.4% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,776 shares of the e-commerce giant's stock worth $1,267,000 after purchasing an additional 813 shares in the last quarter. Sage Capital Advisors llc lifted its position in shares of Amazon.com by 0.6% in the fourth quarter. Sage Capital Advisors llc now owns 71,463 shares of the e-commerce giant's stock worth $15,678,000 after purchasing an additional 396 shares in the last quarter. Heartwood Wealth Advisors LLC lifted its position in shares of Amazon.com by 4.9% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 11,158 shares of the e-commerce giant's stock worth $2,448,000 after purchasing an additional 523 shares in the last quarter. Finally, Praetorian Wealth Management Inc. bought a new stake in shares of Amazon.com in the fourth quarter worth $730,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Scotiabank cut their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Jefferies Financial Group dropped their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Barclays dropped their price target on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, BNP Paribas raised shares of Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Price Performance

AMZN traded down $2.11 on Friday, hitting $200.99. 33,340,050 shares of the stock were exchanged, compared to its average volume of 42,020,996. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The business has a 50-day moving average of $190.05 and a two-hundred day moving average of $208.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30.

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

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was 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. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,749 shares of company stock valued at $24,197,235 over the last quarter. 9.70% of the stock is owned by company insiders.

Amazon.com Company 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.