Sierra Capital LLC Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sierra Capital LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,011 shares of the e-commerce giant’s stock after selling 6,029 shares during the period. Amazon.com comprises about 1.0% of Sierra Capital LLC’s holdings, making the stock its 25th largest position. Sierra Capital LLC’s holdings in Amazon.com were worth $6,839,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted 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 buying an additional 32,038,029 shares during the last quarter. FMR LLC increased its holdings in shares of Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Northern Trust Corp raised its position in Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares during the last quarter. Jennison Associates LLC boosted its stake in Amazon.com by 28.4% during the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Amazon.com by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock worth $6,406,216,000 after purchasing an additional 1,374,052 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $186.21 on Friday. The firm has a market cap of $1.93 trillion, a price-to-earnings ratio of 52.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $103.31 and a 12-month high of $189.77. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average is $178.79 and its two-hundred day moving average is $159.95.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Research analysts expect that Amazon.com, Inc. will post 4.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMZN. Evercore ISI upped their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday. Bank of America increased their price objective on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Telsey Advisory Group lifted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $211.07.

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.