Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 56.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 567,287 shares of the e-commerce giant's stock after selling 745,442 shares during the period. Alyeska Investment Group L.P.'s holdings in Amazon.com were worth $124,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AmeriServ Wealth Advisors purchased a new stake in Amazon.com in the fourth quarter worth $618,000. Anatole Investment Management Ltd grew its position in shares of Amazon.com by 6,040.9% during the 4th quarter. Anatole Investment Management Ltd now owns 245,020 shares of the e-commerce giant's stock worth $53,755,000 after buying an additional 241,030 shares in the last quarter. Apex Wealth Management LLC bought a new position in shares of Amazon.com during the 4th quarter worth $4,176,000. Arrowroot Family Office LLC grew its position in shares of Amazon.com by 50.8% during the 4th quarter. Arrowroot Family Office LLC now owns 7,662 shares of the e-commerce giant's stock worth $1,681,000 after buying an additional 2,581 shares in the last quarter. Finally, Asset Management Group Inc. grew its position in shares of Amazon.com by 0.6% during the 4th quarter. Asset Management Group Inc. now owns 41,817 shares of the e-commerce giant's stock worth $9,174,000 after buying an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $2.11 during trading on Friday, hitting $200.99. The stock had a trading volume of 33,340,050 shares, compared to its average volume of 41,962,799. 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 $2.13 trillion, a price-to-earnings ratio of 36.35, 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. The stock has a 50-day simple moving average of $190.05 and a two-hundred day simple moving average of $208.80.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Wedbush reissued an "outperform" rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Barclays dropped their price target on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Morgan Stanley dropped their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, 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 research report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated 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 in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,749 shares of company stock worth $24,197,235 over the last three months. 9.70% of the stock is currently owned by 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.