Amazon.com, Inc. (NASDAQ:AMZN) is Vulcan Value Partners LLC’s 3rd Largest Position

Vulcan Value Partners LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 15.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,936,676 shares of the e-commerce giant’s stock after selling 345,708 shares during the period. Amazon.com accounts for about 7.1% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Vulcan Value Partners LLC’s holdings in Amazon.com were worth $424,915,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of 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 worth $3,757,589,000 after acquiring an additional 984,570 shares in the last quarter. Syntax Research Inc. grew its stake in shares of Amazon.com by 10.8% in the third quarter. Syntax Research Inc. now owns 4,300 shares of the e-commerce giant’s stock worth $801,000 after acquiring an additional 420 shares during the period. SK Wealth Management LLC bought a new stake in shares of Amazon.com in the third quarter worth approximately $1,142,000. Penney Financial LLC boosted its holdings in shares of Amazon.com by 6.3% in the third quarter. Penney Financial LLC now owns 2,599 shares of the e-commerce giant’s stock worth $484,000 after buying an additional 155 shares during the last quarter. Finally, Trust Co of the South boosted its holdings in shares of Amazon.com by 25.9% in the fourth quarter. Trust Co of the South now owns 14,741 shares of the e-commerce giant’s stock worth $3,234,000 after buying an additional 3,028 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

AMZN opened at $205.59 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm’s fifty day simple moving average is $189.33 and its two-hundred day simple moving average is $208.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the business posted $0.98 earnings per share. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock valued at $17,696,733 over the last ninety days. Company insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMZN. Barclays lowered their price target on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Evercore ISI lowered their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Cantor Fitzgerald upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Citizens Jmp decreased their target price on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus 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.