Amazon.com, Inc. (NASDAQ:AMZN) Stake Reduced by Wellington Wealth Strategies LLC.

Wellington Wealth Strategies LLC. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 39.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,684 shares of the e-commerce giant's stock after selling 10,847 shares during the quarter. Amazon.com comprises approximately 3.6% of Wellington Wealth Strategies LLC.'s holdings, making the stock its 8th largest holding. Wellington Wealth Strategies LLC.'s holdings in Amazon.com were worth $3,844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 2.2% in 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 during the period. FMR LLC boosted its holdings in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the period. Geode Capital Management LLC grew its position in Amazon.com by 2.5% in the 4th 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 acquiring an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the period. Finally, Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter worth $27,266,582,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock valued at $20,018,625 in the last three months. 9.70% of the stock is owned by insiders.

Amazon.com Stock Down 0.5%

Shares of Amazon.com stock traded down $0.94 during trading on Tuesday, reaching $205.71. The company's stock had a trading volume of 33,063,184 shares, compared to its average volume of 41,934,394. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a 50-day simple moving average of $190.68 and a two-hundred day simple moving average of $208.63. 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 company has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.20, a P/E/G 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 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 during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the company earned $0.98 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent analyst reports. Bank of America boosted their target price on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a research note on Monday. 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. Wells Fargo & Company dropped their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Finally, Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $244.57.

Amazon.com 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.