Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Xn LP

XN LP decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 36.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 413,373 shares of the e-commerce giant's stock after selling 240,294 shares during the quarter. Amazon.com makes up 3.6% of XN LP's portfolio, making the stock its 11th biggest holding. XN LP's holdings in Amazon.com were worth $90,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Regent Peak Wealth Advisors LLC grew its position in shares of Amazon.com by 0.7% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after purchasing an additional 318 shares in the last quarter. Tallon Kerry Patrick bought a new position in Amazon.com during the fourth quarter valued at approximately $800,000. Capital & Planning LLC boosted its stake in Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after buying an additional 1,635 shares during the last quarter. Merit Financial Group LLC boosted its stake in Amazon.com by 37.9% during the fourth quarter. Merit Financial Group LLC now owns 283,663 shares of the e-commerce giant's stock valued at $62,233,000 after buying an additional 77,972 shares during the last quarter. Finally, Sax Wealth Advisors LLC bought a new position in Amazon.com during the fourth quarter valued at approximately $5,949,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of 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. Insiders sold 99,537 shares of company stock valued at $20,018,625 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 0.8%

Shares of NASDAQ:AMZN traded up $1.64 on Monday, reaching $206.65. The company had a trading volume of 29,034,623 shares, compared to its average volume of 41,968,820. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm's 50 day simple moving average is $190.57 and its 200-day simple moving average is $208.61. The firm has a market capitalization of $2.19 trillion, a PE ratio of 37.37, a PEG ratio of 1.50 and a beta of 1.30. 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Cantor Fitzgerald increased their price target on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised 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. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.57.

Amazon.com Company 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.