Amazon.com, Inc. (NASDAQ:AMZN) is Soma Equity Partners LP's 4th Largest Position

Soma Equity Partners LP reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 553,086 shares of the e-commerce giant's stock after selling 67,690 shares during the period. Amazon.com comprises 6.7% of Soma Equity Partners LP's investment portfolio, making the stock its 4th largest holding. Soma Equity Partners LP's holdings in Amazon.com were worth $121,342,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cable Hill Partners LLC lifted its stake in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after purchasing an additional 44 shares in the last quarter. Quattro Financial Advisors LLC increased its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Northern Capital Management Inc. increased its holdings in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares during the last quarter. White Wing Wealth Management lifted its position in Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after buying an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC boosted its stake in Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after buying an additional 48 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent research reports. Loop Capital boosted their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Royal Bank of Canada reduced their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Morgan Stanley lowered their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Price Performance

NASDAQ:AMZN traded down $1.77 during trading hours on Friday, reaching $203.93. 51,641,602 shares of the company were exchanged, compared to its average volume of 42,089,558. The company has a market capitalization of $2.16 trillion, a P/E ratio of 36.88, a P/E/G ratio of 1.50 and a beta of 1.30. 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 business has a 50 day moving average of $190.60 and a 200 day moving average of $208.70. 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 results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on 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 $9,519,342.30. The trade was a 22.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the transaction, the chief executive officer now owns 506,974 shares in the company, valued at $96,664,732.58. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock worth $20,018,625 in the last quarter. 9.70% of the stock is owned by insiders.

Amazon.com 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.