Absoluto Partners Gestao de Recursos Ltda Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Absoluto Partners Gestao de Recursos Ltda lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,354 shares of the e-commerce giant's stock after selling 1,397 shares during the quarter. Amazon.com comprises about 7.0% of Absoluto Partners Gestao de Recursos Ltda's investment portfolio, making the stock its 4th biggest position. Absoluto Partners Gestao de Recursos Ltda's holdings in Amazon.com were worth $7,756,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter worth $27,000. Accordant Advisory Group Inc raised its position in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the period. LSV Asset Management purchased a new position in shares of Amazon.com in the 4th quarter worth $35,000. Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the period. Finally, Compass Planning Associates Inc purchased a new position in shares of Amazon.com in the 4th quarter worth $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 1.0%

NASDAQ:AMZN traded down $2.11 during mid-day trading on Friday, reaching $200.99. The stock had a trading volume of 33,340,050 shares, compared to its average volume of 41,962,799. The company 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. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock's 50 day simple moving average is $190.05 and its two-hundred day simple moving average is $208.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.98 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president now directly owns 47,030 shares in the company, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 118,749 shares of company stock worth $24,197,235. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Scotiabank cut their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Raymond James reaffirmed an "outperform" rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Evercore ISI cut their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Bank of America lowered their price target 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 equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

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.