Mizuho Securities Co. Ltd. Sells 4,940 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mizuho Securities Co. Ltd. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 92.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 380 shares of the e-commerce giant's stock after selling 4,940 shares during the quarter. Amazon.com accounts for approximately 1.3% of Mizuho Securities Co. Ltd.'s portfolio, making the stock its 23rd biggest position. Mizuho Securities Co. Ltd.'s holdings in Amazon.com were worth $84,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Cable Hill Partners LLC boosted its position in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after buying an additional 44 shares during the period. Quattro Financial Advisors LLC raised its holdings 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 during the last quarter. Northern Capital Management Inc. boosted 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 purchasing an additional 45 shares during the last quarter. White Wing Wealth Management grew its position in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after purchasing an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC increased its stake in Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after buying an additional 48 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. UBS Group decreased their price objective on Amazon.com from $272.00 to $253.00 and set a "buy" rating for the company in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on Amazon.com from $270.00 to $220.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Rosenblatt Securities upped their price objective on Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Barclays boosted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, Citigroup cut their price target on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $246.50.

Amazon.com Trading Down 1.6 %

Shares of AMZN traded down $2.97 during trading hours on Wednesday, hitting $184.42. 54,401,626 shares of the stock were exchanged, compared to its average volume of 41,672,387. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50-day moving average of $191.39 and a 200-day moving average of $207.74. The firm has a market capitalization of $1.96 trillion, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last 90 days. Insiders own 10.80% of the company's stock.

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.