Sculptor Capital LP Sells 619,500 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sculptor Capital LP reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 66.1% in Q4, selling 619,500 shares, leaving it with 318,111 shares valued at approximately $69.79 million. Other hedge funds also adjusted their positions in Amazon. Insiders, including CEO Douglas J. Herrington and CEO Andrew R. Jassy, sold shares recently, with total insider sales amounting to $20 million over the last 90 days. Amazon's stock opened at $205.70, with a market cap of $2.18 trillion and a P/E ratio of 37.20. Analysts have varied target prices for the stock, reflecting differing outlooks.

Sculptor Capital LP trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 66.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 318,111 shares of the e-commerce giant's stock after selling 619,500 shares during the period. Amazon.com comprises 0.9% of Sculptor Capital LP's holdings, making the stock its 28th biggest holding. Sculptor Capital LP's holdings in Amazon.com were worth $69,790,000 at the end of the most recent quarter.

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Other hedge funds also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the 4th quarter valued at about $25,000. Accordant Advisory Group Inc grew its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth about $35,000. Finally, Perritt Capital Management Inc grew its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock valued at $20,018,625 over the last 90 days. Insiders own 9.70% of the company's stock.

Amazon.com Trading Up 0.5%

MarketBeat Week in Review – 05/19 - 05/23

NASDAQ AMZN opened at $205.70 on Friday. The company has a fifty day simple moving average of $190.60 and a two-hundred day simple moving average of $208.70. The stock has a market cap of $2.18 trillion, a P/E ratio of 37.20, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the company posted $0.98 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

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A number of equities analysts have commented on AMZN shares. Maxim Group upped their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Cantor Fitzgerald upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Barclays dropped 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 note on Friday, May 2nd. Rosenblatt Securities upped their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, UBS Group restated a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $244.09.

Get Our Latest Research Report on AMZN

About Amazon.com

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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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