Shell Asset Management Co. Has $97.16 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Shell Asset Management Co. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 442,873 shares of the e-commerce giant's stock after buying an additional 2,925 shares during the quarter. Amazon.com accounts for approximately 4.2% of Shell Asset Management Co.'s portfolio, making the stock its 4th largest holding. Shell Asset Management Co.'s holdings in Amazon.com were worth $97,162,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Silvercrest Asset Management Group LLC grew its stake in shares of Amazon.com by 65.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 365,534 shares of the e-commerce giant's stock worth $80,195,000 after purchasing an additional 145,167 shares during the last quarter. Sora Investors LLC bought a new stake in shares of Amazon.com in the fourth quarter worth about $34,476,000. Rafferty Asset Management LLC grew its stake in shares of Amazon.com by 14.1% in the fourth quarter. Rafferty Asset Management LLC now owns 1,215,571 shares of the e-commerce giant's stock worth $266,684,000 after purchasing an additional 150,660 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Amazon.com in the fourth quarter worth about $74,725,000. Finally, Ratan Capital Management LP grew its stake in shares of Amazon.com by 35.8% in the fourth quarter. Ratan Capital Management LP now owns 210,379 shares of the e-commerce giant's stock worth $46,155,000 after purchasing an additional 55,437 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Truist Financial cut their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Raymond James reissued an "outperform" rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Barclays cut their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Royal Bank of Canada cut their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Wedbush reaffirmed an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Stock Down 0.9%

NASDAQ AMZN traded down $1.77 during mid-day trading on Friday, reaching $203.93. The stock had a trading volume of 51,641,602 shares, compared to its average volume of 42,088,816. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market cap of $2.16 trillion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a fifty day moving average price of $190.57 and a 200 day moving average price of $208.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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 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 analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,537 shares of company stock worth $20,018,625. Insiders own 9.70% of the company's stock.

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.