Tybourne Capital Management HK Ltd. Sells 75,576 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Tybourne Capital Management HK Ltd. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 70.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,272 shares of the e-commerce giant's stock after selling 75,576 shares during the quarter. Amazon.com accounts for about 1.7% of Tybourne Capital Management HK Ltd.'s portfolio, making the stock its 15th biggest position. Tybourne Capital Management HK Ltd.'s holdings in Amazon.com were worth $6,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Momentous Wealth Management Inc. bought a new position in Amazon.com during the fourth quarter valued at $749,000. Segall Bryant & Hamill LLC increased its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after acquiring an additional 1,198 shares during the last quarter. Bearing Point Capital LLC bought a new stake in Amazon.com in the 4th quarter valued at about $12,014,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Wells Fargo & Company lowered their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Cantor Fitzgerald increased their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Citigroup reiterated an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Barclays decreased their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Trading Down 0.9%

AMZN traded down $1.77 on Friday, hitting $203.93. 51,641,602 shares of the company were exchanged, compared to its average volume of 42,021,406. 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 fifty day simple moving average of $190.57 and a two-hundred day simple moving average of $208.66. The stock has a market capitalization of $2.16 trillion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (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 for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the business earned $0.98 earnings per share. The business's revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by company insiders.

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.