Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Taurus Asset Management LLC

Taurus Asset Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 249,895 shares of the e-commerce giant's stock after selling 3,651 shares during the period. Amazon.com accounts for about 5.3% of Taurus Asset Management LLC's portfolio, making the stock its 3rd largest position. Taurus Asset Management LLC's holdings in Amazon.com were worth $54,825,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Cable Hill Partners LLC grew its holdings in 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 valued at $2,104,000 after purchasing an additional 44 shares during the last quarter. Quattro Financial Advisors LLC increased its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares in the last quarter. Northern Capital Management Inc. increased its position in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares in the last quarter. White Wing Wealth Management lifted its stake in shares of Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after acquiring an additional 47 shares during the period. Finally, MBM Wealth Consultants LLC grew its position in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after buying an additional 48 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares of the company's stock, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares of the company's stock, valued at approximately $10,933,860. This trade represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,298 shares of company stock worth $23,818,478 in the last quarter. 9.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Oppenheimer cut their target price on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a report on Tuesday. StockNews.com downgraded Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Barclays lowered their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley dropped their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Trading Up 0.5 %

NASDAQ AMZN traded up $0.98 during trading on Friday, hitting $193.06. The stock had a trading volume of 29,609,499 shares, compared to its average volume of 41,721,953. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.05 trillion, a PE ratio of 34.91, a PEG ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $188.50 and a 200 day moving average price of $207.95.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the company posted $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share 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.