Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,100 shares of the e-commerce giant's stock after selling 2,900 shares during the period. Intact Investment Management Inc.'s holdings in Amazon.com were worth $5,156,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AMZN. Tallon Kerry Patrick acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $800,000. Capital & Planning LLC increased its position in Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after purchasing an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC increased its position in Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares during the last quarter. Brighton Jones LLC increased its position in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Amazon.com during the fourth quarter worth approximately $301,650,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 0.3%

NASDAQ AMZN traded up $0.67 during trading hours on Monday, reaching $225.69. 35,675,194 shares of the company traded hands, compared to its average volume of 42,109,546. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.40 trillion, a PE ratio of 36.76, a PEG ratio of 1.69 and a beta of 1.33. The company has a 50 day moving average of $210.69 and a two-hundred day moving average of $208.38.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the firm posted $0.98 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer directly owned 2,148,694 shares in the company, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMZN shares. Evercore ISI dropped their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. JMP Securities upped their price target on shares of Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a research report on Thursday. Wells Fargo & Company upped their price target on shares of Amazon.com from $201.00 to $238.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Finally, Wedbush reissued an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $249.42.

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.