Beacon Pointe Advisors LLC Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Beacon Pointe Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,629 shares of the e-commerce giant's stock after selling 19,428 shares during the quarter. Amazon.com makes up approximately 1.4% of Beacon Pointe Advisors LLC's portfolio, making the stock its 12th biggest position. Beacon Pointe Advisors LLC's holdings in Amazon.com were worth $121,899,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMZN. Norges Bank acquired a new position in Amazon.com in the 4th quarter valued at about $27,266,582,000. Capital World Investors grew its position in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. grew its position in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC grew its position in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares in the last quarter. Finally, Capital International Investors grew its position in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after buying an additional 12,000,745 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,749 shares of company stock worth $24,197,235 over the last 90 days. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

NASDAQ AMZN traded down $2.11 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 debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business's 50-day moving average price is $190.05 and its 200 day moving average price is $208.80. The stock has a market cap of $2.13 trillion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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 return on equity of 24.25% and a net margin of 9.29%. The business 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 business earned $0.98 earnings per share. The company's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Benchmark reissued a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Loop Capital boosted their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, BNP Paribas raised Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.