Gotham Asset Management LLC Decreases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Gotham Asset Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349,691 shares of the e-commerce giant's stock after selling 16,606 shares during the period. Amazon.com comprises approximately 0.7% of Gotham Asset Management LLC's holdings, making the stock its 8th largest holding. Gotham Asset Management LLC's holdings in Amazon.com were worth $76,719,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Momentous Wealth Management Inc. acquired a new position in Amazon.com during the 4th quarter worth $749,000. Segall Bryant & Hamill LLC lifted its holdings in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after buying an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after buying an additional 1,198 shares in the last quarter. Bearing Point Capital LLC acquired a new position in Amazon.com during the 4th quarter worth $12,014,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after buying an additional 2,196,353 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $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. Insiders sold 99,537 shares of company stock worth $20,018,625 over the last three months. Insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on AMZN shares. Stifel Nicolaus reduced their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. UBS Group reissued a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Mizuho cut their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Citigroup reissued an "outperform" rating on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Evercore ISI cut their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Stock Performance

AMZN stock traded down $0.73 during mid-day trading on Friday, hitting $204.97. 5,436,289 shares of the company were exchanged, compared to its average volume of 41,856,818. The business has a 50 day simple moving average of $190.60 and a 200-day simple moving average of $208.70. 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 stock has a market capitalization of $2.18 trillion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.