Park West Asset Management LLC Has $40.84 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Park West Asset Management LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 43.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 186,170 shares of the e-commerce giant's stock after selling 145,100 shares during the period. Amazon.com comprises approximately 3.3% of Park West Asset Management LLC's investment portfolio, making the stock its 12th biggest position. Park West Asset Management LLC's holdings in Amazon.com were worth $40,844,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cable Hill Partners LLC boosted its holdings in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after purchasing an additional 44 shares during the period. Quattro Financial Advisors LLC raised its position in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares during the last quarter. Northern Capital Management Inc. lifted its stake in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after buying an additional 45 shares during the period. White Wing Wealth Management grew its position in Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after buying an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC increased its stake in Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Jefferies Financial Group decreased their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Wedbush restated an "outperform" rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Transactions at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of the company's 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 transaction, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. 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 firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents 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 over the last quarter. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $2.95 during midday trading on Wednesday, hitting $201.12. 42,365,189 shares of the company's stock were exchanged, compared to its average volume of 41,955,975. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market capitalization of $2.14 trillion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company's 50 day moving average price is $189.68 and its 200 day moving average price is $208.79. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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

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.