Amazon.com, Inc. (NASDAQ:AMZN) is Ensign Peak Advisors Inc's 4th Largest Position

Ensign Peak Advisors Inc lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,008,780 shares of the e-commerce giant's stock after selling 252,807 shares during the quarter. Amazon.com accounts for 3.5% of Ensign Peak Advisors Inc's investment portfolio, making the stock its 4th biggest position. Ensign Peak Advisors Inc owned 0.09% of Amazon.com worth $1,976,436,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth about $27,000. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc lifted its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citizens Jmp dropped their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Morgan Stanley dropped their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Evercore ISI decreased their price objective 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, Benchmark restated a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, the senior vice president now directly owns 47,030 shares of the company's stock, valued at $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Up 2.5%

AMZN traded up $5.03 during midday trading on Tuesday, hitting $206.02. 34,776,251 shares of the company were exchanged, compared to its average volume of 41,992,291. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 37.25, a P/E/G 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. The firm's 50 day moving average price is $190.16 and its 200-day moving average price 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 (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 (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for 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%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.