Titan Global Capital Management USA LLC Decreases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Titan Global Capital Management USA LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 194,219 shares of the e-commerce giant's stock after selling 5,565 shares during the period. Amazon.com comprises about 6.5% of Titan Global Capital Management USA LLC's portfolio, making the stock its largest position. Titan Global Capital Management USA LLC's holdings in Amazon.com were worth $42,610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. State Street Corp grew its holdings in shares of Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after buying an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC grew its position in Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Finally, Norges Bank bought a new position in Amazon.com in the fourth quarter valued at $27,266,582,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

AMZN stock traded up $14.86 during midday trading on Monday, reaching $207.92. The company had a trading volume of 23,273,264 shares, compared to its average volume of 41,673,842. 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 1 year low of $151.61 and a 1 year high of $242.52. The company has a market capitalization of $2.21 trillion, a P/E ratio of 37.72, a P/E/G ratio of 1.50 and a beta of 1.30. The firm has a 50-day moving average price of $188.50 and a 200-day moving average price of $208.10.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The firm's revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMZN shares. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Raymond James reaffirmed an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 107,298 shares of company stock worth $23,818,478 in the last three months. 9.70% of the stock is owned by insiders.

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.