Amazon.com, Inc. (NASDAQ:AMZN) is Wellington Management Group LLP's 4th Largest Position

Wellington Management Group LLP decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,385,257 shares of the e-commerce giant's stock after selling 3,987,132 shares during the period. Amazon.com comprises approximately 2.7% of Wellington Management Group LLP's holdings, making the stock its 4th largest position. Wellington Management Group LLP owned about 0.63% of Amazon.com worth $14,564,262,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AMZN. Vanguard Group Inc. boosted its holdings in Amazon.com by 2.2% in the 4th 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. Norges Bank bought a new position in Amazon.com in the 4th quarter worth $27,266,582,000. Bank of New York Mellon Corp boosted its holdings in Amazon.com by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock worth $14,719,407,000 after buying an additional 545,292 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Amazon.com by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,638,207 shares of the e-commerce giant's stock worth $13,084,026,000 after buying an additional 2,330,113 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in Amazon.com by 1.1% in the 4th quarter. Fisher Asset Management LLC now owns 45,159,737 shares of the e-commerce giant's stock worth $9,907,595,000 after purchasing an additional 506,166 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 2.0%

NASDAQ:AMZN traded down $4.41 during midday trading on Wednesday, reaching $213.20. 39,186,416 shares of the stock traded hands, compared to its average volume of 42,179,278. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business has a 50-day moving average of $193.04 and a two-hundred day moving average of $209.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market capitalization of $2.26 trillion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results 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 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of the firm's 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 transaction, the director now 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the transaction, the chief executive officer now directly owns 517,050 shares of the company's stock, valued at approximately $105,984,909. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 over the last 90 days. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research analyst reports. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Oppenheimer decreased their price target on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Scotiabank decreased their price target on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Finally, Needham & Company LLC restated a "buy" rating and set a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $244.89.

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.