Voyager Global Management LP Has $263.27 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Voyager Global Management LP lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,200,000 shares of the e-commerce giant's stock after selling 175,000 shares during the period. Amazon.com accounts for 10.5% of Voyager Global Management LP's portfolio, making the stock its 5th largest holding. Voyager Global Management LP's holdings in Amazon.com were worth $263,268,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Principal Financial Group Inc. grew its stake in Amazon.com by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after buying an additional 984,570 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in Amazon.com by 61.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 298,678 shares of the e-commerce giant's stock worth $55,653,000 after acquiring an additional 114,043 shares during the last quarter. Tri Ri Asset Management Corp bought a new stake in Amazon.com during the third quarter valued at about $9,821,000. Asset Advisors Investment Management LLC grew its position in shares of Amazon.com by 1.3% in the third quarter. Asset Advisors Investment Management LLC now owns 116,869 shares of the e-commerce giant's stock valued at $21,776,000 after purchasing an additional 1,499 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Amazon.com by 0.5% in the third quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant's stock valued at $8,843,714,000 after purchasing an additional 257,072 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Activity

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. This trade represents a 22.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,081 shares of company stock valued at $17,421,044. 9.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. BNP Paribas upgraded Amazon.com to a "hold" rating in a report on Wednesday, April 30th. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Benchmark restated a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Bank of America reduced their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, StockNews.com cut Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. 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 currently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Stock Performance

AMZN traded down $2.58 during trading hours on Wednesday, reaching $201.49. The company's stock had a trading volume of 11,180,887 shares, compared to its average volume of 41,839,292. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company's 50-day moving average is $189.68 and its 200-day moving average is $208.79. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a market cap of $2.14 trillion, a PE ratio of 36.46, 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 quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for 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 company's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.