Mirabaud Asset Management Ltd Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mirabaud Asset Management Ltd lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,876 shares of the e-commerce giant's stock after selling 21,237 shares during the period. Amazon.com accounts for about 6.3% of Mirabaud Asset Management Ltd's investment portfolio, making the stock its 2nd largest position. Mirabaud Asset Management Ltd's holdings in Amazon.com were worth $13,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. State Street Corp raised its stake in Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Norges Bank acquired a new stake in Amazon.com in the fourth quarter worth about $27,266,582,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Amazon.com by 0.8% during the fourth 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 purchasing an additional 545,292 shares during the period. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Truist Financial reduced their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. BNP Paribas upgraded Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Stifel Nicolaus dropped their price target on shares of 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, Phillip Securities cut shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the sale, the chief executive officer now owns 506,974 shares of the company's stock, valued at $96,664,732.58. This trade represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 107,298 shares of company stock worth $23,818,478 in the last quarter. 9.70% of the stock is owned by company insiders.

Amazon.com Price Performance

Amazon.com stock traded up $1.49 during midday trading on Thursday, hitting $190.20. The company's stock had a trading volume of 7,217,082 shares, compared to its average volume of 45,772,293. 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 $2.02 trillion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The stock's 50-day moving average price is $188.97 and its 200-day moving average price is $207.75. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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.