ArrowMark Colorado Holdings LLC Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

ArrowMark Colorado Holdings LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,725 shares of the e-commerce giant's stock after selling 2,389 shares during the period. ArrowMark Colorado Holdings LLC's holdings in Amazon.com were worth $1,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Regent Peak Wealth Advisors LLC lifted its position in Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock valued at $9,906,000 after purchasing an additional 318 shares during the period. RMR Wealth Builders lifted its position in Amazon.com by 2.5% in the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock valued at $15,450,000 after purchasing an additional 1,690 shares during the period. Trust Co. of Toledo NA OH lifted its position in Amazon.com by 3.2% in the fourth quarter. Trust Co. of Toledo NA OH now owns 86,248 shares of the e-commerce giant's stock valued at $18,922,000 after purchasing an additional 2,689 shares during the period. City State Bank lifted its position in Amazon.com by 1.9% in the fourth quarter. City State Bank now owns 16,663 shares of the e-commerce giant's stock valued at $3,656,000 after purchasing an additional 315 shares during the period. Finally, DBK Financial Counsel LLC acquired a new stake in Amazon.com in the fourth quarter valued at about $206,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,749 shares of company stock valued at $24,197,235 in the last ninety days. Company insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AMZN shares. Raymond James reiterated an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Wedbush reiterated an "outperform" rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Rosenblatt Securities lifted their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Benchmark reiterated a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Citigroup reiterated an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Trading Down 1.0%

AMZN stock traded down $2.11 during midday trading on Friday, hitting $200.99. The stock had a trading volume of 33,340,050 shares, compared to its average volume of 41,962,799. The firm has a market cap of $2.13 trillion, a PE ratio of 36.35, a price-to-earnings-growth 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 12-month low of $151.61 and a 12-month high of $242.52. The company's 50-day moving average price is $190.05 and its 200 day moving average price is $208.80.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 period in the previous year, the company earned $0.98 EPS. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts predict 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.