RiverPark Advisors LLC Sells 1,409 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

RiverPark Advisors LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,044 shares of the e-commerce giant's stock after selling 1,409 shares during the period. Amazon.com accounts for approximately 3.3% of RiverPark Advisors LLC's portfolio, making the stock its 5th largest holding. RiverPark Advisors LLC's holdings in Amazon.com were worth $4,617,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC raised its position in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Finally, One Wealth Capital Management LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $4,270,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.3%

NASDAQ:AMZN traded up $0.57 during mid-day trading on Monday, hitting $206.16. 34,235,970 shares of the company's stock traded hands, compared to its average volume of 41,958,033. The company has a fifty day moving average of $189.33 and a 200 day moving average of $208.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.19 trillion, a P/E ratio of 37.28, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. This represents a 1.08% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,798 shares of company stock worth $17,696,733. Company insiders own 9.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Raymond James reissued an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Scotiabank lowered their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Royal Bank of Canada dropped their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wedbush reiterated an "outperform" rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Bank of America dropped their target price on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Four research 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.