Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,725 shares of the e-commerce giant's stock after selling 2,389 shares during the quarter. ArrowMark Colorado Holdings LLC's holdings in Amazon.com were worth $1,256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Norges Bank bought a new position in Amazon.com in the 4th quarter worth approximately $27,266,582,000. Capital World Investors grew its position in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the period. Finally, Capital International Investors boosted its position in Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after buying an additional 12,000,745 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer now owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on AMZN. Loop Capital lifted their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. 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, May 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Mizuho decreased their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, UBS Group reissued a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Trading Down 1.0%

AMZN traded down $2.11 on Monday, hitting $200.99. The company had a trading volume of 33,340,050 shares, compared to its average volume of 42,020,996. The business's fifty day simple moving average is $190.16 and its 200 day simple moving average is $208.75. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market cap of $2.13 trillion, a PE ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30.

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

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.