Appaloosa LP Has $570.41 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Appaloosa LP decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,600,000 shares of the e-commerce giant's stock after selling 600,000 shares during the period. Amazon.com comprises about 8.8% of Appaloosa LP's holdings, making the stock its 2nd largest position. Appaloosa LP's holdings in Amazon.com were worth $570,414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Accordant Advisory Group Inc lifted its holdings in Amazon.com by 400.0% during the fourth 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 during the period. Icon Wealth Advisors LLC increased its position in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC raised its stake in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the period. Compass Planning Associates Inc purchased a new position in shares of Amazon.com in the 4th quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com during the fourth quarter valued at about $54,000. Institutional investors own 72.20% of the company's stock.

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Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 in the last quarter. Insiders own 10.80% of the company's stock.

Amazon.com Trading Down 1.4 %

Shares of AMZN traded down $2.53 during trading hours on Tuesday, hitting $179.59. The company had a trading volume of 43,239,677 shares, compared to its average volume of 41,637,411. The firm has a market cap of $1.90 trillion, a P/E ratio of 32.48, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock's 50 day moving average price is $203.14 and its 200 day moving average price is $208.50. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. DA Davidson dropped their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday. Mizuho reduced their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Tigress Financial boosted their target price on Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Raymond James upped their price target on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Finally, Scotiabank lifted their price objective on Amazon.com from $246.00 to $306.00 and gave the stock a "sector outperform" rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $253.56.

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.