Adage Capital Partners GP L.L.C. Has $1.96 Billion Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Adage Capital Partners GP L.L.C. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,914,360 shares of the e-commerce giant's stock after selling 306,800 shares during the quarter. Amazon.com accounts for approximately 3.4% of Adage Capital Partners GP L.L.C.'s investment portfolio, making the stock its 4th biggest holding. Adage Capital Partners GP L.L.C. owned 0.08% of Amazon.com worth $1,955,721,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at approximately $27,000. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. LSV Asset Management purchased a new stake in Amazon.com during the 4th quarter valued at about $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com during the fourth quarter worth about $51,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.3%

Amazon.com stock traded up $0.57 during midday trading on Monday, reaching $206.16. The stock had a trading volume of 34,235,970 shares, compared to its average volume of 41,958,033. The stock's 50-day simple moving average is $189.33 and its 200 day simple moving average is $208.77. The stock has a market capitalization of $2.19 trillion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company 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. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated 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 transaction, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,798 shares of company stock worth $17,696,733 in the last 90 days. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMZN. Wedbush reissued an "outperform" rating and issued a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Westpark Capital reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Barclays cut their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, Royal Bank of Canada decreased their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

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.