Contour Asset Management LLC Has $120.01 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Contour Asset Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 547,000 shares of the e-commerce giant's stock after selling 183,000 shares during the quarter. Amazon.com makes up 3.5% of Contour Asset Management LLC's portfolio, making the stock its 14th largest position. Contour Asset Management LLC's holdings in Amazon.com were worth $120,006,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter worth about $27,000. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% in the fourth 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 during the period. LSV Asset Management acquired a new stake in Amazon.com in the fourth quarter worth about $35,000. Perritt Capital Management Inc increased its position in Amazon.com by 72.7% in the fourth 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 during the period. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com in the fourth quarter worth about $51,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $200.99 on Friday. 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 stock's fifty day moving average price is $190.05 and its two-hundred day moving average price is $208.81. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS 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 for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm posted $0.98 EPS. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,749 shares of company stock valued at $24,197,235 in the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays decreased their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. DA Davidson decreased their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Rosenblatt Securities boosted their target price on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $244.09.

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.

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