Windacre Partnership LLC Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Windacre Partnership LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 52.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,565,000 shares of the e-commerce giant's stock after selling 3,967,100 shares during the period. Amazon.com comprises about 11.5% of Windacre Partnership LLC's holdings, making the stock its 4th biggest holding. Windacre Partnership LLC's holdings in Amazon.com were worth $782,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. FMR LLC lifted its stake in Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC lifted its stake in Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. Finally, Norges Bank purchased a new stake in Amazon.com in the 4th quarter worth about $27,266,582,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the sale, the senior vice president now directly owns 47,030 shares in the company, valued at $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the business'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 completion of the sale, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,537 shares of company stock valued at $20,018,625. Company insiders own 9.70% of the company's stock.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Evercore ISI reduced their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. DA Davidson cut their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus cut their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Rosenblatt Securities raised their price target on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Bank of America cut their price target on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Four 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.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Trading Down 0.9%

NASDAQ:AMZN traded down $1.77 on Friday, reaching $203.93. The company's stock had a trading volume of 51,641,602 shares, compared to its average volume of 42,021,406. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. 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 firm has a market cap of $2.16 trillion, a PE ratio of 36.88, a PEG ratio of 1.50 and a beta of 1.30. The business's 50-day moving average price is $190.57 and its two-hundred day moving average price is $208.63.

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, 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 during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share 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.