Amazon.com, Inc. (NASDAQ:AMZN) is Global Assets Advisory LLC's 4th Largest Position

Global Assets Advisory LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,041 shares of the e-commerce giant's stock after selling 3,652 shares during the period. Amazon.com makes up 4.3% of Global Assets Advisory LLC's investment portfolio, making the stock its 4th largest holding. Global Assets Advisory LLC's holdings in Amazon.com were worth $7,717,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Graham Capital Management L.P. grew its position in Amazon.com by 344.9% during the fourth quarter. Graham Capital Management L.P. now owns 99,870 shares of the e-commerce giant's stock valued at $21,910,000 after buying an additional 77,420 shares during the period. Graver Capital Management LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth $357,000. Greenline Partners LLC increased its stake in shares of Amazon.com by 12.3% in the fourth quarter. Greenline Partners LLC now owns 50,739 shares of the e-commerce giant's stock worth $11,132,000 after purchasing an additional 5,545 shares in the last quarter. Foxhaven Asset Management LP increased its stake in shares of Amazon.com by 7.5% in the fourth quarter. Foxhaven Asset Management LP now owns 2,132,998 shares of the e-commerce giant's stock worth $467,958,000 after purchasing an additional 148,480 shares in the last quarter. Finally, Full Sail Capital LLC increased its stake in shares of Amazon.com by 0.7% in the fourth quarter. Full Sail Capital LLC now owns 39,554 shares of the e-commerce giant's stock worth $8,678,000 after purchasing an additional 284 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMZN shares. Barclays reduced their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company decreased their target price on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Truist Financial decreased their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Evercore ISI dropped their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Benchmark restated a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Stock Down 0.4%

Amazon.com stock traded down $0.73 during midday trading on Friday, hitting $204.97. 5,436,289 shares of the company's stock were exchanged, compared to its average volume of 41,856,818. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market cap of $2.18 trillion, a PE ratio of 37.06, 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 quick ratio of 0.87 and a current ratio of 1.06. The firm has a 50-day moving average of $190.60 and a two-hundred day moving average of $208.70.

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

Insider Activity

In other news, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,537 shares of company stock worth $20,018,625. Corporate 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.