Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Reduced by Nellore Capital Management LLC

Nellore Capital Management LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 820,000 shares of the e-commerce giant's stock after selling 53,326 shares during the quarter. Amazon.com makes up 23.5% of Nellore Capital Management LLC's portfolio, making the stock its biggest position. Nellore Capital Management LLC's holdings in Amazon.com were worth $179,900,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Newbrook Capital Advisors LP raised its stake in Amazon.com by 3.3% during the 4th quarter. Newbrook Capital Advisors LP now owns 460,676 shares of the e-commerce giant's stock valued at $101,068,000 after purchasing an additional 14,516 shares during the period. Night Owl Capital Management LLC increased its position in shares of Amazon.com by 2.5% during the fourth quarter. Night Owl Capital Management LLC now owns 310,268 shares of the e-commerce giant's stock valued at $68,070,000 after purchasing an additional 7,531 shares during the period. Noked Israel Ltd bought a new position in Amazon.com during the fourth quarter worth about $3,291,000. NorthRock Partners LLC boosted its stake in shares of Amazon.com by 183.7% in the 4th quarter. NorthRock Partners LLC now owns 147,082 shares of the e-commerce giant's stock valued at $32,268,000 after purchasing an additional 95,236 shares in the last quarter. Finally, Northeast Financial Consultants Inc increased its holdings in Amazon.com by 0.4% during the 4th quarter. Northeast Financial Consultants Inc now owns 296,754 shares of the e-commerce giant's stock valued at $65,105,000 after purchasing an additional 1,286 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley dropped their price target 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. Citigroup reissued an "outperform" rating on shares of Amazon.com in a report on Friday, May 2nd. Rosenblatt Securities boosted their price target on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Insider Activity

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,537 shares of company stock valued at $20,018,625. Company insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $1.77 during midday trading on Friday, hitting $203.93. 51,641,602 shares of the company's stock were exchanged, compared to its average volume of 42,021,406. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 company has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.88, a PEG ratio of 1.50 and a beta of 1.30. The business's fifty day moving average price is $190.57 and its two-hundred day moving average price is $208.61.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. 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 analysts' expectations of $154.96 billion. During the same period last year, the firm earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts forecast 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.