Freedom Investment Management Inc. Has $7.98 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Freedom Investment Management Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,385 shares of the e-commerce giant's stock after selling 3,036 shares during the period. Freedom Investment Management Inc.'s holdings in Amazon.com were worth $7,983,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Norges Bank acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $27,266,582,000. Vanguard Group Inc. lifted its stake in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Proficio Capital Partners LLC boosted its holdings in Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares in the last quarter. Capital International Investors grew its stake in shares of Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. Finally, APG Asset Management N.V. raised its holdings in shares of Amazon.com by 1,782.4% in the 4th quarter. APG Asset Management N.V. now owns 7,269,638 shares of the e-commerce giant's stock worth $1,540,208,000 after buying an additional 6,883,447 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on AMZN. Wedbush reiterated an "outperform" rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Morgan Stanley reduced their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Tigress Financial raised their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Stifel Nicolaus cut their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $244.09.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. This represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,798 shares of company stock valued at $17,696,733 over the last 90 days. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Up 0.2%

Shares of NASDAQ AMZN traded up $0.42 during midday trading on Friday, reaching $205.59. 43,001,394 shares of the stock were exchanged, compared to its average volume of 41,940,309. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.18, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business has a 50-day simple moving average of $189.15 and a two-hundred day simple moving average of $208.40.

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

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.