Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Cortland Associates Inc. MO

Cortland Associates Inc. MO decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 237,889 shares of the e-commerce giant’s stock after selling 3,694 shares during the period. Amazon.com comprises approximately 5.9% of Cortland Associates Inc. MO’s portfolio, making the stock its 7th biggest holding. Cortland Associates Inc. MO’s holdings in Amazon.com were worth $52,190,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Fiera Capital Corp lifted its holdings in shares of Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after purchasing an additional 44,615 shares in the last quarter. Beck Bode LLC purchased a new position in shares of Amazon.com during the 2nd quarter worth approximately $651,000. Itau Unibanco Holding S.A. raised its position in shares of Amazon.com by 107.8% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 452,109 shares of the e-commerce giant’s stock worth $87,370,000 after purchasing an additional 234,577 shares during the last quarter. Fernbridge Capital Management LP lifted its stake in Amazon.com by 22.4% in the 2nd quarter. Fernbridge Capital Management LP now owns 698,553 shares of the e-commerce giant’s stock valued at $134,995,000 after buying an additional 127,751 shares in the last quarter. Finally, First City Capital Management Inc. grew its holdings in Amazon.com by 1.3% during the 2nd quarter. First City Capital Management Inc. now owns 16,606 shares of the e-commerce giant’s stock valued at $3,209,000 after buying an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,852 shares of company stock valued at $9,324,151 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. Sanford C. Bernstein boosted their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Citigroup cut their target price on shares of Amazon.com from $275.00 to $273.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Barclays raised their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Loop Capital boosted their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, TD Cowen upped their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $260.74.

Amazon.com Trading Down 0.0 %

NASDAQ:AMZN opened at $226.63 on Thursday. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business’s 50-day simple moving average is $228.22 and its 200 day simple moving average is $203.44.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.