Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Altimeter Capital Management LP

Altimeter Capital Management LP lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 871,225 shares of the e-commerce giant's stock after selling 31,065 shares during the period. Amazon.com comprises approximately 3.4% of Altimeter Capital Management LP's investment portfolio, making the stock its 7th largest holding. Altimeter Capital Management LP's holdings in Amazon.com were worth $191,138,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the 4th quarter worth approximately $27,000. Accordant Advisory Group Inc boosted its position in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management purchased a new stake in Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in Amazon.com in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 1.0%

Shares of AMZN traded down $2.11 during midday trading on Friday, reaching $200.99. The company had a trading volume of 33,340,050 shares, compared to its average volume of 41,962,799. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market cap of $2.13 trillion, a PE ratio of 36.35, 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 $190.05 and a 200-day simple moving average of $208.80. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMZN. JPMorgan Chase & Co. increased their target price on Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Maxim Group increased their target price on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Wedbush reiterated an "outperform" rating and set a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Four equities 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 currently has an average rating of "Moderate Buy" and an average price target of $244.09.

Insider Buying and Selling

In related news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction dated 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 directly owns 119,780 shares of the company's stock, valued at $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. In the last ninety days, insiders sold 118,749 shares of company stock valued at $24,197,235. 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.