Amazon.com, Inc. (NASDAQ:AMZN) is Mar Vista Investment Partners LLC's 5th Largest Position

Mar Vista Investment Partners LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,862 shares of the e-commerce giant's stock after selling 52,312 shares during the quarter. Amazon.com comprises 4.7% of Mar Vista Investment Partners LLC's investment portfolio, making the stock its 5th biggest position. Mar Vista Investment Partners LLC's holdings in Amazon.com were worth $56,861,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AMZN. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.2% during 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 buying an additional 17,635,391 shares in the last quarter. FMR LLC increased its stake in Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its position in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter worth about $27,266,582,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $0.44 during midday trading on Friday, reaching $222.69. 32,911,537 shares of the company's stock traded hands, compared to its average volume of 45,060,172. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock has a 50 day moving average of $219.27 and a 200 day moving average of $209.03. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 1.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMZN. Citizens Jmp started coverage on Amazon.com in a research report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Rosenblatt Securities lifted their price target on shares of Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Jefferies Financial Group upped their price objective on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. HSBC boosted their price target on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Finally, DA Davidson raised their price objective on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Buy" and a consensus price target of $262.45.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares of the company's stock, valued at $111,114,850. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,102,037 shares of company stock valued at $5,674,937,048. 9.70% of the stock is currently owned by insiders.

About Amazon.com

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.