Amazon.com, Inc. (NASDAQ:AMZN) is Cornerstone Capital Inc.'s 3rd Largest Position

Cornerstone Capital Inc. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 218,016 shares of the e-commerce giant's stock after selling 24,295 shares during the period. Amazon.com accounts for 5.0% of Cornerstone Capital Inc.'s investment portfolio, making the stock its 3rd biggest position. Cornerstone Capital Inc.'s holdings in Amazon.com were worth $47,831,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMZN. Norges Bank bought a new stake in Amazon.com in the 4th quarter worth $27,266,582,000. Vanguard Group Inc. grew its holdings in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. Capital International Investors grew its holdings in Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after acquiring an additional 12,000,745 shares during the last quarter. Finally, APG Asset Management N.V. grew its holdings in Amazon.com by 1,782.4% in the 4th quarter. APG Asset Management N.V. now owns 7,269,638 shares of the e-commerce giant's stock worth $1,540,208,000 after acquiring an additional 6,883,447 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 2.4%

Shares of NASDAQ:AMZN traded down $5.08 during trading on Thursday, reaching $205.17. The stock had a trading volume of 64,245,647 shares, compared to its average volume of 41,935,830. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market capitalization of $2.18 trillion, a P/E ratio of 37.10, a PEG ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm's 50-day simple moving average is $188.94 and its 200 day simple moving average is $208.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. The trade was a 1.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,798 shares of company stock worth $17,696,733 in the last three months. Corporate insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Rosenblatt Securities lifted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Morgan Stanley cut their target price on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Evercore ISI cut their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Bank of America cut their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Mizuho dropped their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

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.