Cambiar Investors LLC Sells 17,360 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cambiar Investors LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 374,392 shares of the e-commerce giant’s stock after selling 17,360 shares during the quarter. Amazon.com accounts for about 2.2% of Cambiar Investors LLC’s portfolio, making the stock its 6th biggest position. Cambiar Investors LLC’s holdings in Amazon.com were worth $56,885,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC grew its stake in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. FMR LLC grew its stake in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Jennison Associates LLC grew its stake in Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in Amazon.com in the third quarter valued at approximately $610,138,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.6 %

NASDAQ AMZN opened at $176.59 on Thursday. The business’s 50-day moving average price is $177.71 and its two-hundred day moving average price is $158.12. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The firm has a market capitalization of $1.83 trillion, a PE ratio of 60.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the company posted $0.21 EPS. The business’s revenue was up 13.9% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 4.1 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMZN. Barclays lifted their target price on Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Moffett Nathanson restated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. Wells Fargo & Company boosted their price target on Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Bank of America boosted their price target on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada lifted their price objective on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $204.76.

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.