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Eminence Capital LP Lowers Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN) - American Market News

Published 17 hours ago5 minute read
(NASDAQ:AMZN) by 12.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 930,824 shares of the e-commerce giant’s stock after selling 136,251 shares during the quarter. Amazon.com comprises 3.1% of Eminence Capital LP’s holdings, making the stock its 6th largest position. Eminence Capital LP’s holdings in Amazon.com were worth $204,213,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Momentous Wealth Management Inc. bought a new position in Amazon.com in the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC grew its position in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC grew its position in shares of Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after purchasing an additional 1,198 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after purchasing an additional 2,196,353 shares in the last quarter. Finally, Keyvantage Wealth LLC acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $2,735,000. 72.20% of the stock is owned by institutional investors.

In related news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction 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 transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders sold 118,749 shares of company stock valued at $24,197,235 over the last quarter. Insiders own 9.70% of the company’s stock.

A number of brokerages have issued reports on AMZN. Jefferies Financial Group decreased their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Cantor Fitzgerald increased their target price 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. UBS Group restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Barclays decreased their target price on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Finally, Mizuho decreased their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.09.

Check Out Our Latest Analysis on AMZN

AMZN stock opened at $200.99 on Friday. The company has a fifty day moving average price of $190.05 and a 200-day moving average price of $208.81. The company has a market capitalization of $2.13 trillion, a P/E ratio of 36.35, 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 company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

(Free Report)

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.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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