Solel Partners LP Has $23.80 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Solel Partners LP cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 33.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,470 shares of the e-commerce giant's stock after selling 54,000 shares during the quarter. Amazon.com comprises about 4.7% of Solel Partners LP's portfolio, making the stock its 10th biggest holding. Solel Partners LP's holdings in Amazon.com were worth $23,797,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC lifted its position in shares of Amazon.com by 0.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock valued at $9,906,000 after acquiring an additional 318 shares during the period. LVM Capital Management Ltd. MI lifted its position in Amazon.com by 16.4% during the fourth quarter. LVM Capital Management Ltd. MI now owns 5,776 shares of the e-commerce giant's stock worth $1,267,000 after purchasing an additional 813 shares during the period. Sage Capital Advisors llc lifted its holdings in shares of Amazon.com by 0.6% during the 4th quarter. Sage Capital Advisors llc now owns 71,463 shares of the e-commerce giant's stock worth $15,678,000 after acquiring an additional 396 shares during the period. Heartwood Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 4.9% during the 4th quarter. Heartwood Wealth Advisors LLC now owns 11,158 shares of the e-commerce giant's stock worth $2,448,000 after acquiring an additional 523 shares during the period. Finally, Praetorian Wealth Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $730,000. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company's stock, valued at $10,933,860. This represents a 22.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the 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 sale, the vice president now owns 119,780 shares of the company's stock, 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 three months. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Down 1.4%

Shares of NASDAQ AMZN opened at $201.12 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. 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 price-to-earnings ratio of 36.37, a PEG ratio of 1.50 and a beta of 1.30. The business has a 50-day moving average of $189.74 and a 200-day moving average of $208.74.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during 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%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMZN shares. The Goldman Sachs Group cut their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Royal Bank of Canada dropped their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. StockNews.com downgraded Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Evercore ISI dropped their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $244.09.

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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