Amazon.com, Inc. (NASDAQ:AMZN) Stake Reduced by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,030,128 shares of the e-commerce giant's stock after selling 61,623 shares during the quarter. Amazon.com accounts for 1.1% of Epoch Investment Partners Inc.'s investment portfolio, making the stock its 17th biggest holding. Epoch Investment Partners Inc.'s holdings in Amazon.com were worth $226,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. First Trust Advisors LP lifted its holdings in shares of Amazon.com by 15.4% during the fourth quarter. First Trust Advisors LP now owns 5,288,837 shares of the e-commerce giant's stock worth $1,160,318,000 after purchasing an additional 706,849 shares during the period. Forum Financial Management LP raised its position in Amazon.com by 11.6% during the 4th quarter. Forum Financial Management LP now owns 115,602 shares of the e-commerce giant's stock worth $25,362,000 after buying an additional 12,005 shares during the last quarter. Frederick Financial Consultants LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth $799,000. Generation Capital Management LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $4,257,000. Finally, Holcombe Financial Inc. purchased a new position in Amazon.com during the fourth quarter worth about $290,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 0.2%

AMZN stock traded up $0.42 during trading on Friday, reaching $205.59. The stock had a trading volume of 43,001,394 shares, compared to its average volume of 41,940,309. 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 has a fifty day moving average price of $189.15 and a 200 day moving average price of $208.40. The company has a market capitalization of $2.18 trillion, a P/E ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS 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 business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company's revenue was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $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 a total of 80,798 shares of company stock valued at $17,696,733 in the last three months. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMZN. Royal Bank of Canada lowered their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Barclays reduced their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Evercore ISI cut their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Citigroup reiterated an "outperform" rating on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $244.09.

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.