Mar Vista Investment Partners LLC Decreases Stake in Amazon.com, Inc. $AMZN

Mar Vista Investment Partners LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 282,743 shares of the e-commerce giant’s stock after selling 16,119 shares during the period. Amazon.com accounts for 4.8% of Mar Vista Investment Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Mar Vista Investment Partners LLC’s holdings in Amazon.com were worth $62,031,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMZN. Brighton Jones LLC lifted its position in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after acquiring an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE grew its position in Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new position in Amazon.com in the fourth quarter worth $2,153,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the sale, the chief executive officer directly owned 505,934 shares in the company, valued at approximately $117,993,927.48. This trade represents a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the transaction, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 82,234 shares of company stock worth $19,076,767. Insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $229.53 on Friday. The company’s fifty day simple moving average is $228.58 and its two-hundred day simple moving average is $223.95. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The firm has a market cap of $2.45 trillion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMZN. President Capital lifted their price target on Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Sanford C. Bernstein set a $300.00 target price on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, October 31st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Amazon.com in a research report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Amazon.com in a report on Monday, December 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $305.00 price objective on shares of Amazon.com in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $295.93.

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.