Cannon Advisors Inc. Has $3.98 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cannon Advisors Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,129 shares of the e-commerce giant's stock after selling 1,543 shares during the period. Amazon.com accounts for 3.4% of Cannon Advisors Inc.'s portfolio, making the stock its 8th largest position. Cannon Advisors Inc.'s holdings in Amazon.com were worth $3,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of 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 valued at $180,637,081,000 after buying an additional 17,635,391 shares during the period. State Street Corp increased its holdings in shares of Amazon.com by 3.3% in 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 acquiring an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter valued at about $27,266,582,000. Finally, Bank of New York Mellon Corp grew its position in shares of Amazon.com by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock valued at $14,719,407,000 after purchasing an additional 545,292 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 firm's stock in a transaction dated 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 trade represents 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 through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company's stock.

Amazon.com Price Performance

AMZN stock traded down $0.22 during midday trading on Friday, reaching $189.98. 77,794,995 shares of the stock were exchanged, compared to its average volume of 41,685,180. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a fifty day moving average price of $190.94 and a 200 day moving average price of $207.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market capitalization of $2.02 trillion, a PE ratio of 34.35, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. Rosenblatt Securities upped their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday. Evercore ISI lowered their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday. Scotiabank lowered their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. JMP Securities reiterated a "market outperform" rating and issued a $240.00 price target on shares of Amazon.com in a research note on Thursday. Finally, Wells Fargo & Company reduced their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $242.75.

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.