Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Korea Investment CORP

Korea Investment CORP lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,435,871 shares of the e-commerce giant's stock after selling 147,047 shares during the quarter. Amazon.com comprises 3.9% of Korea Investment CORP's portfolio, making the stock its 4th largest position. Korea Investment CORP owned approximately 0.07% of Amazon.com worth $1,631,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Accordant Advisory Group Inc grew its stake 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 worth $27,000 after buying an additional 100 shares during the last quarter. Icon Wealth Advisors LLC increased its holdings in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% in 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. Compass Planning Associates Inc purchased a new stake in Amazon.com during the 4th quarter valued at about $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in Amazon.com during the 4th quarter valued at about $54,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.6 %

Shares of AMZN traded down $2.97 during trading hours on Wednesday, reaching $184.42. 54,401,626 shares of the company traded hands, compared to its average volume of 41,672,387. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.35, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock's fifty day moving average price is $191.39 and its 200 day moving average price is $207.74. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

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 analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock worth $23,341,803 in the last ninety days. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Wedbush reiterated an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Stifel Nicolaus cut their target price on Amazon.com from $275.00 to $248.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Oppenheimer decreased their price target on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research note on Monday. JPMorgan Chase & Co. dropped their price objective on Amazon.com from $270.00 to $220.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays boosted their target price on Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $246.50.

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.