Milestones Administradora de Recursos Ltda. Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Milestones Administradora de Recursos Ltda. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,435 shares of the e-commerce giant's stock after selling 47,020 shares during the quarter. Amazon.com accounts for about 26.6% of Milestones Administradora de Recursos Ltda.'s portfolio, making the stock its largest position. Milestones Administradora de Recursos Ltda.'s holdings in Amazon.com were worth $52,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of AMZN. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the period. Compass Planning Associates Inc acquired a new stake in Amazon.com in the fourth quarter valued at $51,000. Quattro Financial Advisors LLC boosted its position 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 in the last quarter. Iron Horse Wealth Management LLC grew its stake in shares of Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock worth $63,000 after purchasing an additional 112 shares during the period. Finally, Sycomore Asset Management increased its holdings in shares of Amazon.com by 100.0% in the 4th quarter. Sycomore Asset Management now owns 300 shares of the e-commerce giant's stock valued at $66,000 after purchasing an additional 150 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In related news, SVP David Zapolsky sold 5,848 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the completion of the transaction, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was 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 approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AMZN shares. Scotiabank boosted their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a "sector outperform" rating in a report on Friday, January 24th. Roth Mkm increased their target price on Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, December 9th. Benchmark boosted their price target on Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Raymond James increased their price objective on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Finally, Wedbush reissued an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $260.53.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $1.91 during trading hours on Tuesday, hitting $192.17. 41,171,347 shares of the company's stock traded hands, compared to its average volume of 39,975,586. The company has a fifty day simple moving average of $216.15 and a 200-day simple moving average of $209.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 34.75, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com 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.