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

Eminence Capital LP trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 930,824 shares of the e-commerce giant's stock after selling 136,251 shares during the period. Amazon.com makes up approximately 3.1% of Eminence Capital LP's portfolio, making the stock its 6th biggest holding. Eminence Capital LP's holdings in Amazon.com were worth $204,213,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at $25,000. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the 4th quarter worth $27,000. LSV Asset Management purchased a new stake in Amazon.com in the 4th quarter worth approximately $35,000. Finally, Perritt Capital Management Inc increased its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president now directly owns 47,030 shares of the company's stock, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their position. 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 business's stock in a transaction dated Tuesday, April 1st. The shares were 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 directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,018,625 in the last 90 days. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMZN. Benchmark reissued a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Westpark Capital reaffirmed a "buy" rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Wall Street Zen downgraded Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Citizens Jmp lowered their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Bank of America cut their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Four equities 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.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Stock Down 0.2%

Shares of AMZN stock traded down $0.43 during trading hours on Wednesday, reaching $205.60. 7,315,706 shares of the company's stock were exchanged, compared to its average volume of 41,859,607. The stock has a market cap of $2.18 trillion, a PE ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock's fifty day moving average price is $190.38 and its two-hundred day moving average price is $208.73. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.