Metavasi Capital LP Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Metavasi Capital LP reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 40.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,906 shares of the e-commerce giant's stock after selling 22,000 shares during the period. Amazon.com comprises 2.6% of Metavasi Capital LP's investment portfolio, making the stock its 10th largest holding. Metavasi Capital LP's holdings in Amazon.com were worth $7,219,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Momentous Wealth Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC lifted its stake in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares during the period. Evergreen Capital Management LLC lifted its stake in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after buying an additional 2,196,353 shares during the period. Finally, Keyvantage Wealth LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $2,735,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 4,784 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $205.05, for a total value of $980,959.20. Following the completion of the transaction, the chief executive officer now directly owns 514,150 shares of the company's stock, valued at approximately $105,426,457.50. The trade was a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,081 shares of company stock worth $17,421,044 in the last quarter. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMZN. Cantor Fitzgerald upped their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Barclays decreased their price target on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Jefferies Financial Group decreased their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Bank of America decreased their price target on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Scotiabank decreased their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Stock Performance

NASDAQ AMZN opened at $201.12 on Thursday. The stock has a market capitalization of $2.14 trillion, a PE ratio of 36.37, a P/E/G ratio of 1.50 and a beta of 1.30. The business has a 50 day simple moving average of $189.74 and a two-hundred day simple moving average of $208.74. 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 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 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 analysts' expectations 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 quarter in the previous year, the business earned $0.98 EPS. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.

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