Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lessened by Altarock Partners LP

Altarock Partners LP lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,278,320 shares of the e-commerce giant's stock after selling 124,000 shares during the quarter. Amazon.com comprises 23.4% of Altarock Partners LP's holdings, making the stock its 2nd biggest position. Altarock Partners LP owned 0.05% of Amazon.com worth $1,158,011,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMZN. Cable Hill Partners LLC lifted its position in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after acquiring an additional 44 shares during the period. Quattro Financial Advisors LLC grew its stake in shares of Amazon.com by 23.8% during the 4th 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 period. Northern Capital Management Inc. raised its stake in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after acquiring an additional 45 shares during the period. White Wing Wealth Management grew its holdings in Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after buying an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC boosted its holdings in shares of Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after purchasing an additional 48 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN traded up $1.98 on Thursday, reaching $203.10. 38,797,180 shares of the company's stock were exchanged, compared to its average volume of 41,908,253. The stock has a market cap of $2.16 trillion, a PE ratio of 36.73, 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. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock's fifty day moving average price is $189.74 and its 200-day moving average price is $208.74.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the business posted $0.98 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. This trade represents a 22.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,081 shares of company stock valued at $17,421,044 over the last ninety days. Company insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMZN. Raymond James reiterated an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Wedbush restated an "outperform" rating and set a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Jefferies Financial Group cut their price objective 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. Piper Sandler reiterated an "overweight" rating and issued a $212.00 price target (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Citizens Jmp dropped their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Four 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

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.