Cambiar Investors LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,259 shares of the e-commerce giant's stock after selling 9,686 shares during the quarter. Amazon.com comprises approximately 2.4% of Cambiar Investors LLC's portfolio, making the stock its 6th biggest holding. Cambiar Investors LLC's holdings in Amazon.com were worth $59,512,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BostonPremier Wealth LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $2,087,000. Violich Capital Management Inc. boosted its position in shares of Amazon.com by 44.1% in the fourth quarter. Violich Capital Management Inc. now owns 69,795 shares of the e-commerce giant's stock valued at $15,312,000 after acquiring an additional 21,375 shares during the period. Armor Investment Advisors LLC boosted its position in shares of Amazon.com by 2.7% in the fourth quarter. Armor Investment Advisors LLC now owns 2,853 shares of the e-commerce giant's stock valued at $626,000 after acquiring an additional 76 shares during the period. Mill Creek Capital Advisors LLC boosted its position in shares of Amazon.com by 11.0% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 34,100 shares of the e-commerce giant's stock valued at $7,481,000 after acquiring an additional 3,378 shares during the period. Finally, Focus Financial Network Inc. boosted its position in shares of Amazon.com by 1.9% in the fourth quarter. Focus Financial Network Inc. now owns 322,140 shares of the e-commerce giant's stock valued at $70,674,000 after acquiring an additional 5,929 shares during the period. Institutional investors own 72.20% of the company's stock.
Shares of NASDAQ:AMZN traded down $1.45 during trading on Friday, hitting $199.25. The company's stock had a trading volume of 59,748,687 shares, compared to its average volume of 38,371,582. The company has a 50-day moving average of $224.11 and a 200-day moving average of $206.80. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market cap of $2.11 trillion, a price-to-earnings ratio of 36.03, a P/E/G ratio of 1.50 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,649 shares of company stock worth $23,871,905. Company insiders own 10.80% of the company's stock.
A number of research firms have recently commented on AMZN. DA Davidson raised their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 7th. JMP Securities reiterated a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Barclays lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, UBS Group lifted their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $260.65.
Check Out Our Latest Stock Report on AMZN
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.
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