Birinyi Associates Inc. Sells 4,500 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Birinyi Associates Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,500 shares of the e-commerce giant’s stock after selling 4,500 shares during the quarter. Amazon.com comprises about 6.7% of Birinyi Associates Inc.’s portfolio, making the stock its 5th biggest holding. Birinyi Associates Inc.’s holdings in Amazon.com were worth $13,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC lifted its position in shares of Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Northern Trust Corp lifted its position in shares of Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Amazon.com by 1,909.7% during the second quarter. Swiss National Bank now owns 39,731,440 shares of the e-commerce giant’s stock worth $4,219,876,000 after purchasing an additional 37,754,468 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Brian T. Olsavsky sold 16,800 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $116.69, for a total value of $1,960,392.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $5,717,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $13,846,568. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,144 shares of company stock valued at $8,405,887. 12.30% of the stock is owned by company insiders.

Amazon.com Price Performance

Amazon.com stock opened at $115.00 on Friday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The business has a fifty day moving average of $105.19 and a two-hundred day moving average of $97.67. The company has a market cap of $1.18 trillion, a P/E ratio of 273.81, a price-to-earnings-growth ratio of 4.00 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter last year, the company earned $0.21 earnings per share. Amazon.com’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. JMP Securities reissued a “market outperform” rating and set a $140.00 price target on shares of Amazon.com in a research report on Wednesday, April 19th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Amazon.com in a research report on Wednesday, April 12th. Benchmark raised their target price on shares of Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Barclays reduced their target price on shares of Amazon.com from $150.00 to $140.00 in a report on Friday, April 28th. Finally, Evercore ISI reduced their target price on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Monday, April 3rd. Three research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.12.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.