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

Shikiar Asset Management Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,874 shares of the e-commerce giant's stock after selling 3,721 shares during the quarter. Amazon.com makes up approximately 6.2% of Shikiar Asset Management Inc.'s investment portfolio, making the stock its 2nd largest position. Shikiar Asset Management Inc.'s holdings in Amazon.com were worth $23,447,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Semus Wealth Partners LLC boosted its holdings in Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after purchasing an additional 49 shares during the last quarter. Bell Investment Advisors Inc raised its position in shares of Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock valued at $626,000 after buying an additional 51 shares during the period. O Connor Financial Group LLC lifted its holdings in Amazon.com by 2.2% in the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock valued at $473,000 after acquiring an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC grew its position in Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock worth $1,396,000 after acquiring an additional 55 shares during the period. Finally, Cedar Point Capital Partners LLC increased its stake in Amazon.com by 4.4% during the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant's stock worth $247,000 after acquiring an additional 56 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773 in the last ninety days. Insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. UBS Group upped their price target on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Stifel Nicolaus upped their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Redburn Atlantic lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Bank of America increased their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $252.56.

Amazon.com Stock Up 2.0 %

AMZN stock traded up $4.64 during midday trading on Tuesday, reaching $242.06. 29,459,301 shares of the company were exchanged, compared to its average volume of 32,696,076. The company has a market cap of $2.55 trillion, a price-to-earnings ratio of 51.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock's 50-day simple moving average is $224.55 and its 200 day simple moving average is $199.36.

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.