Grantham Mayo Van Otterloo & Co. LLC Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Grantham Mayo Van Otterloo & Co. LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,216,603 shares of the e-commerce giant's stock after selling 336,082 shares during the period. Amazon.com comprises 2.3% of Grantham Mayo Van Otterloo & Co. LLC's holdings, making the stock its 14th biggest holding. Grantham Mayo Van Otterloo & Co. LLC's holdings in Amazon.com were worth $705,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in AMZN. Katamaran Capital LLP purchased a new position in shares of Amazon.com during the fourth quarter valued at $6,305,000. Aviva PLC grew its holdings in Amazon.com by 2.4% during the 4th quarter. Aviva PLC now owns 5,797,979 shares of the e-commerce giant's stock worth $1,272,019,000 after acquiring an additional 134,391 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its position in Amazon.com by 120.5% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 11,389 shares of the e-commerce giant's stock valued at $2,499,000 after purchasing an additional 6,225 shares during the period. Gladstone Capital Management LLP raised its holdings in shares of Amazon.com by 58,465.5% in the 4th quarter. Gladstone Capital Management LLP now owns 390,046 shares of the e-commerce giant's stock valued at $85,572,000 after purchasing an additional 389,380 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $7,407,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 107,298 shares of company stock valued at $23,818,478. 9.70% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $1.34 during trading hours on Tuesday, reaching $185.01. 28,305,174 shares of the company's stock were exchanged, compared to its average volume of 41,616,201. The business has a fifty day moving average of $189.92 and a two-hundred day moving average of $208.04. The company has a market capitalization of $1.96 trillion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. 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, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMZN. Oppenheimer cut their price objective on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. DA Davidson reduced their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Piper Sandler reaffirmed an "overweight" rating and set a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a report on Friday. Four equities research 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

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.