Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Claar Advisors LLC

Claar Advisors LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 130,840 shares of the e-commerce giant's stock after selling 9,500 shares during the quarter. Amazon.com accounts for about 9.3% of Claar Advisors LLC's investment portfolio, making the stock its 2nd largest holding. Claar Advisors LLC's holdings in Amazon.com were worth $28,705,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Sulzberger Capital Advisors Inc. purchased a new stake in Amazon.com during the 4th quarter worth $3,039,000. Westbourne Investments Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $7,944,000. Consolidated Press International Holdings Ltd. acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $8,776,000. Wise Wealth Partners purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $298,000. Finally, Unisphere Establishment grew its position in Amazon.com by 9.8% in the fourth quarter. Unisphere Establishment now owns 1,131,100 shares of the e-commerce giant's stock valued at $248,152,000 after acquiring an additional 100,500 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. This trade represents a 22.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $205.05, for a total transaction of $980,959.20. Following the transaction, the chief executive officer now owns 514,150 shares in the company, valued at $105,426,457.50. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,081 shares of company stock valued at $17,421,044. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock traded up $1.98 during trading hours on Thursday, reaching $203.10. The stock had a trading volume of 38,797,180 shares, compared to its average volume of 41,908,253. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market capitalization of $2.16 trillion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm has a 50-day simple moving average of $189.74 and a 200-day simple moving average of $208.74.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating 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 firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the firm earned $0.98 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AMZN shares. Maxim Group raised their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Westpark Capital restated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Loop Capital boosted their price target on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Mizuho lowered their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Benchmark reaffirmed a "buy" rating and issued 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 issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $244.09.

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.