Montchanin Asset Management LLC Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Montchanin Asset Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 79.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 960 shares of the e-commerce giant's stock after selling 3,650 shares during the period. Montchanin Asset Management LLC's holdings in Amazon.com were worth $211,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Michels Family Financial LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at $963,000. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the fourth quarter valued at $25,000. Peak Retirement Planning Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth about $604,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in shares of Amazon.com during the fourth quarter worth about $8,419,000. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at about $5,382,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 over the last quarter. 9.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMZN shares. UBS Group restated a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Maxim Group lifted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. BNP Paribas raised shares of Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Finally, Tigress Financial upped their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $244.89.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $5.66 on Friday, hitting $213.57. The company had a trading volume of 39,742,962 shares, compared to its average volume of 42,060,312. 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 company has a market cap of $2.27 trillion, a PE ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The business has a 50 day moving average of $191.41 and a 200 day moving average of $208.65.

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

Amazon.com Company 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.