Amazon.com, Inc. (NASDAQ:AMZN) is Sirios Capital Management L P's 3rd Largest Position

Sirios Capital Management L P cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150,769 shares of the e-commerce giant's stock after selling 6,382 shares during the quarter. Amazon.com accounts for approximately 5.9% of Sirios Capital Management L P's holdings, making the stock its 3rd biggest holding. Sirios Capital Management L P's holdings in Amazon.com were worth $33,077,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMZN. Norges Bank purchased a new stake in Amazon.com during the 4th quarter valued at about $27,266,582,000. Capital World Investors raised its holdings in Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. increased its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares in the last quarter. Finally, Capital International Investors lifted its holdings in Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after buying an additional 12,000,745 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 0.3%

Shares of AMZN traded up $0.57 during mid-day trading on Monday, reaching $206.16. 34,235,970 shares of the company's stock traded hands, compared to its average volume of 41,958,033. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. 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 stock has a market cap 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. The stock's 50-day moving average is $189.33 and its two-hundred day moving average is $208.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company 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%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. Jefferies Financial Group reduced their target price 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. Wedbush reaffirmed an "outperform" rating and set a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Stifel Nicolaus cut their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lowered their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The shares were 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 owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock valued at $17,696,733 in the last ninety days. Corporate insiders own 9.70% of the company's stock.

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.