Amazon.com, Inc. (NASDAQ:AMZN) is Jupiter Asset Management Ltd.'s 4th Largest Position

Jupiter Asset Management Ltd. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 854,846 shares of the e-commerce giant's stock after selling 54,064 shares during the quarter. Amazon.com accounts for approximately 1.8% of Jupiter Asset Management Ltd.'s portfolio, making the stock its 4th largest holding. Jupiter Asset Management Ltd.'s holdings in Amazon.com were worth $187,545,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares in the last quarter. Icon Wealth Advisors LLC lifted its position in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC grew its position in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Compass Planning Associates Inc purchased a new stake in Amazon.com during the 4th quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com in the 4th quarter worth about $54,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last quarter. Corporate insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. HSBC raised their price target on Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Tigress Financial upped their price target on Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Cantor Fitzgerald reduced their target price on Amazon.com from $270.00 to $230.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $252.73.

Amazon.com Trading Down 0.7 %

NASDAQ AMZN traded down $1.25 on Thursday, reaching $173.08. 11,979,628 shares of the company were exchanged, compared to its average volume of 45,234,086. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.83 trillion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The business's fifty day moving average price is $200.86 and its 200 day moving average price is $208.06. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.