Valiant Capital Management L.P. Trims Position in Amazon.com, Inc. (AMZN)

Valiant Capital Management L.P. lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,950 shares of the e-commerce giant’s stock after selling 5,600 shares during the quarter. Amazon.com accounts for 7.1% of Valiant Capital Management L.P.’s portfolio, making the stock its biggest holding. Valiant Capital Management L.P.’s holdings in Amazon.com were worth $80,020,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Advisor Partners LLC increased its position in Amazon.com by 5.7% during the third quarter. Advisor Partners LLC now owns 9,386 shares of the e-commerce giant’s stock valued at $18,800,000 after acquiring an additional 508 shares during the last quarter. Keystone Financial Group increased its position in Amazon.com by 2.6% during the third quarter. Keystone Financial Group now owns 1,594 shares of the e-commerce giant’s stock valued at $3,195,000 after acquiring an additional 41 shares during the last quarter. Columbia Asset Management increased its position in Amazon.com by 1.0% during the third quarter. Columbia Asset Management now owns 4,552 shares of the e-commerce giant’s stock valued at $9,118,000 after acquiring an additional 47 shares during the last quarter. Lincoln National Corp increased its position in Amazon.com by 24.1% during the third quarter. Lincoln National Corp now owns 4,229 shares of the e-commerce giant’s stock valued at $8,471,000 after acquiring an additional 820 shares during the last quarter. Finally, ING Groep NV increased its position in Amazon.com by 26.2% during the third quarter. ING Groep NV now owns 118,524 shares of the e-commerce giant’s stock valued at $237,404,000 after acquiring an additional 24,605 shares during the last quarter. Institutional investors own 55.70% of the company’s stock.

NASDAQ:AMZN opened at $1,639.83 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50. The stock has a market cap of $801.43 billion, a P/E ratio of 81.42, a price-to-earnings-growth ratio of 2.29 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.49. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. The firm had revenue of $72.38 billion during the quarter, compared to analysts’ expectations of $71.73 billion. During the same quarter last year, the business posted $2.16 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 26.72 EPS for the current year.

In related news, CEO Jeffrey A. Wilke sold 1,645 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $1,614.65, for a total transaction of $2,656,099.25. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $16,146,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the sale, the senior vice president now owns 46,596 shares of the company’s stock, valued at approximately $75,314,978.64. The disclosure for this sale can be found here. Insiders have sold 5,075 shares of company stock valued at $8,180,428 in the last quarter. 16.30% of the stock is currently owned by company insiders.

A number of analysts recently commented on AMZN shares. Nomura reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, November 8th. Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, November 9th. BidaskClub upgraded Amazon.com from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Zacks Investment Research reiterated a “buy” rating and set a $1,714.00 price objective on shares of Amazon.com in a research report on Monday, November 12th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $2,107.33.

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About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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