Amazon.com, Inc. (NASDAQ:AMZN) Stake Decreased by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,996 shares of the e-commerce giant's stock after selling 1,221 shares during the quarter. ZWJ Investment Counsel Inc.'s holdings in Amazon.com were worth $4,566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Northern Capital Management Inc. grew its holdings in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after acquiring an additional 45 shares during the period. Balanced Wealth Group LLC grew its holdings in Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after acquiring an additional 48 shares during the period. ETF Store Inc. grew its holdings in Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after acquiring an additional 48 shares during the period. TD Capital Management LLC grew its holdings in Amazon.com by 1.6% during the fourth quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant's stock worth $671,000 after acquiring an additional 49 shares during the period. Finally, Conservest Capital Advisors Inc. grew its holdings in Amazon.com by 0.8% during the fourth quarter. Conservest Capital Advisors Inc. now owns 6,651 shares of the e-commerce giant's stock worth $1,459,000 after acquiring an additional 50 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 7.7%

NASDAQ AMZN traded down $18.04 during trading hours on Friday, hitting $216.07. The company had a trading volume of 65,807,773 shares, compared to its average volume of 44,434,758. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 1.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm's 50 day moving average is $217.93 and its 200 day moving average is $209.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company's revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 25,099,537 shares of company stock worth $5,674,394,548 in the last three months. 9.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Morgan Stanley reaffirmed an "overweight" rating on shares of Amazon.com in a report on Monday. Pivotal Research increased their price target on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday. Westpark Capital reiterated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday. Finally, BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. Three research analysts have rated the stock with a hold rating, forty-six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $260.65.

Amazon.com 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.