Clearline Capital LP Sells 155,806 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Clearline Capital LP lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 65.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,915 shares of the e-commerce giant's stock after selling 155,806 shares during the quarter. Amazon.com comprises about 2.4% of Clearline Capital LP's investment portfolio, making the stock its 11th largest position. Clearline Capital LP's holdings in Amazon.com were worth $18,410,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Coastal Bridge Advisors LLC raised its holdings in Amazon.com by 13.3% during the 4th quarter. Coastal Bridge Advisors LLC now owns 24,986 shares of the e-commerce giant's stock worth $5,482,000 after purchasing an additional 2,928 shares during the last quarter. Driehaus Capital Management LLC grew its position in shares of Amazon.com by 2.9% during the 4th quarter. Driehaus Capital Management LLC now owns 9,943 shares of the e-commerce giant's stock worth $2,181,000 after buying an additional 277 shares during the period. Diligent Investors LLC raised its stake in shares of Amazon.com by 1.7% during the fourth quarter. Diligent Investors LLC now owns 18,212 shares of the e-commerce giant's stock worth $3,995,000 after buying an additional 311 shares during the last quarter. Duquesne Family Office LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $72,048,000. Finally, Eagle Global Advisors LLC boosted its stake in Amazon.com by 1.4% in the fourth quarter. Eagle Global Advisors LLC now owns 237,793 shares of the e-commerce giant's stock valued at $52,169,000 after acquiring an additional 3,275 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.5%

Shares of NASDAQ:AMZN traded up $0.98 during midday trading on Thursday, reaching $205.70. The company had a trading volume of 34,630,040 shares, compared to its average volume of 41,998,938. 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 $2.18 trillion, a PE ratio of 37.20, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business's 50 day moving average price is $190.60 and its 200 day moving average price is $208.70.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the company earned $0.98 earnings per share. The business's revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the completion of the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at approximately $96,664,732.58. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. Westpark Capital reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Evercore ISI decreased their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Morgan Stanley cut their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Citizens Jmp reduced their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Wells Fargo & Company decreased their target price on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

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.