Amazon.com, Inc. (NASDAQ:AMZN) Stake Lowered by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,071 shares of the e-commerce giant's stock after selling 1,744 shares during the quarter. Amazon.com comprises 3.8% of Biondo Investment Advisors LLC's investment portfolio, making the stock its 6th largest position. Biondo Investment Advisors LLC's holdings in Amazon.com were worth $27,659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Swedbank AB boosted its stake in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after purchasing an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC purchased a new position in shares of Amazon.com in the 3rd quarter valued at approximately $279,000. Howard Capital Management Group LLC boosted its position in shares of Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after purchasing an additional 897 shares in the last quarter. Principal Financial Group Inc. grew its stake in Amazon.com by 5.1% in the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock worth $3,757,589,000 after purchasing an additional 984,570 shares during the period. Finally, Strengthening Families & Communities LLC grew its stake in Amazon.com by 2.4% in the third quarter. Strengthening Families & Communities LLC now owns 53,010 shares of the e-commerce giant's stock worth $9,877,000 after purchasing an additional 1,241 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 over the last three months. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $0.85 during mid-day trading on Friday, hitting $189.35. 31,216,677 shares of the company traded hands, compared to its average volume of 41,562,783. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock's fifty day moving average price is $190.94 and its 200-day moving average price is $207.76. The firm has a market cap of $2.01 trillion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

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 return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the company posted $0.98 EPS. The firm's revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. JMP Securities reissued a "market outperform" rating and set a $240.00 price target on shares of Amazon.com in a research report on Thursday. Royal Bank of Canada lifted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Jefferies Financial Group cut their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Citigroup lowered their price objective on Amazon.com from $273.00 to $225.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Wolfe Research increased their target price on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $245.63.

About Amazon.com

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.