Eminence Capital LP Sells 136,251 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Eminence Capital LP reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 930,824 shares of the e-commerce giant's stock after selling 136,251 shares during the period. Amazon.com makes up about 3.1% of Eminence Capital LP's investment portfolio, making the stock its 6th biggest position. Eminence Capital LP's holdings in Amazon.com were worth $204,213,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Collar Capital Management LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $218,000. Colonial Trust Co SC lifted its holdings in Amazon.com by 5.9% in the fourth quarter. Colonial Trust Co SC now owns 61,074 shares of the e-commerce giant's stock valued at $13,399,000 after buying an additional 3,413 shares during the period. Concorde Financial Corp lifted its holdings in Amazon.com by 0.3% in the fourth quarter. Concorde Financial Corp now owns 29,444 shares of the e-commerce giant's stock valued at $6,460,000 after buying an additional 91 shares during the period. Cornerstone Select Advisors LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $2,147,000. Finally, Corvex Management LP lifted its holdings in Amazon.com by 9.2% in the fourth quarter. Corvex Management LP now owns 565,029 shares of the e-commerce giant's stock valued at $123,962,000 after buying an additional 47,400 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.0%

Shares of NASDAQ:AMZN opened at $200.99 on Friday. The company's 50-day moving average price is $190.05 and its two-hundred day moving average price is $208.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market capitalization 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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 company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMZN shares. Evercore ISI cut their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Citigroup reaffirmed an "outperform" rating on shares of Amazon.com in a research note on Friday, May 2nd. Scotiabank lowered their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Barclays lowered their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, DA Davidson lowered their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note 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 data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Insider Activity

In other news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were 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 approximately $24,050,626.20. This represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,749 shares of company stock valued at $24,197,235. 9.70% of the stock is owned by company insiders.

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.

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