Amazon.com, Inc. (NASDAQ:AMZN) is Williams Jones Wealth Management LLC.'s 7th Largest Position

Williams Jones Wealth Management LLC. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,095,772 shares of the e-commerce giant's stock after selling 14,406 shares during the period. Amazon.com comprises approximately 2.9% of Williams Jones Wealth Management LLC.'s holdings, making the stock its 7th largest holding. Williams Jones Wealth Management LLC.'s holdings in Amazon.com were worth $240,401,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC grew its holdings in shares of Amazon.com by 0.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after acquiring an additional 318 shares during the period. Tallon Kerry Patrick purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $800,000. Capital & Planning LLC grew its holdings in shares of Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after acquiring an additional 1,635 shares during the period. Merit Financial Group LLC grew its holdings in shares of Amazon.com by 37.9% during the 4th quarter. Merit Financial Group LLC now owns 283,663 shares of the e-commerce giant's stock worth $62,233,000 after acquiring an additional 77,972 shares during the period. Finally, Sax Wealth Advisors LLC purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $5,949,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft reduced their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Oppenheimer cut their price target on Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company cut their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Stifel Nicolaus cut their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Wall Street Zen downgraded Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $244.57.

Amazon.com Price Performance

AMZN stock traded up $1.64 during trading on Monday, reaching $206.65. The company's stock had a trading volume of 29,034,623 shares, compared to its average volume of 41,968,820. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.19 trillion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company's fifty day moving average is $190.57 and its 200-day moving average is $208.61.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the business posted $0.98 EPS. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president now owns 47,030 shares in the company, valued at $9,519,342.30. This trade 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 at the SEC website. Also, 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 now owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,537 shares of company stock worth $20,018,625. Corporate insiders own 9.70% of the company's stock.

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.