Absolute Gestao de Investimentos Ltda. Has $1.03 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Absolute Gestao de Investimentos Ltda. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 86.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,681 shares of the e-commerce giant's stock after selling 30,229 shares during the period. Amazon.com makes up about 0.4% of Absolute Gestao de Investimentos Ltda.'s portfolio, making the stock its 23rd largest holding. Absolute Gestao de Investimentos Ltda.'s holdings in Amazon.com were worth $1,027,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter worth approximately $27,000. Accordant Advisory Group Inc increased its holdings 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. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com in the fourth quarter valued at $51,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

AMZN stock traded down $2.11 during mid-day trading on Friday, reaching $200.99. 33,340,050 shares of the stock traded hands, compared to its average volume of 41,962,799. 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, Inc. has a 52 week low of $151.61 and a 52 week 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 firm has a market capitalization of $2.13 trillion, a PE ratio of 36.35, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating 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 during 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 business's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, the senior vice president now owns 47,030 shares in the company, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,749 shares of company stock worth $24,197,235 over the last ninety days. Company insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Jefferies Financial Group dropped their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Tigress Financial upped their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Royal Bank of Canada dropped their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Four 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.com, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $244.09.

About Amazon.com

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.