11 Capital Partners LP Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

11 Capital Partners LP decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,479 shares of the e-commerce giant's stock after selling 47,830 shares during the quarter. Amazon.com comprises approximately 10.3% of 11 Capital Partners LP's holdings, making the stock its 2nd biggest holding. 11 Capital Partners LP's holdings in Amazon.com were worth $25,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Harvard Management Co. Inc. purchased a new position in Amazon.com in the fourth quarter valued at about $14,809,000. AQR Capital Management LLC boosted its position in shares of Amazon.com by 8.2% in the fourth quarter. AQR Capital Management LLC now owns 5,384,405 shares of the e-commerce giant's stock worth $1,181,285,000 after buying an additional 405,767 shares during the period. Schwallier Wealth Management LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $266,000. Candlestick Capital Management LP purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $108,457,000. Finally, Northern Trust Corp lifted its position in Amazon.com by 14.0% during the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after acquiring an additional 11,926,749 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMZN. Bank of America lowered their price objective on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Royal Bank of Canada lowered their price target 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. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. DA Davidson cut their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Oppenheimer lowered their target price on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. 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, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Performance

Shares of AMZN stock traded down $2.95 during trading hours on Wednesday, reaching $201.12. The stock had a trading volume of 42,365,189 shares, compared to its average volume of 41,955,975. The firm has a market capitalization of $2.14 trillion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm has a 50-day simple moving average of $189.68 and a 200-day simple moving average of $208.79. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping 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 analysts' expectations of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $10,933,860. This represents a 22.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,081 shares of company stock worth $17,421,044. Company insiders own 9.70% of the company's stock.

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.