Oppenheimer Asset Management Inc. Sells 95,108 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Oppenheimer Asset Management Inc. cut its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 836,093 shares of the e-commerce giant's stock after selling 95,108 shares during the quarter. Amazon.com makes up 2.2% of Oppenheimer Asset Management Inc.'s investment portfolio, making the stock its 2nd biggest holding. Oppenheimer Asset Management Inc.'s holdings in Amazon.com were worth $183,430,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased 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 valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC grew its holdings in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after buying an additional 6,545,944 shares during the last quarter. Bank of New York Mellon Corp increased its position in Amazon.com by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock valued at $14,719,407,000 after acquiring an additional 545,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Amazon.com by 3.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock valued at $10,776,201,000 after acquiring an additional 1,984,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Amazon.com by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock worth $10,678,217,000 after acquiring an additional 1,980,663 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,298 shares of company stock valued at $22,871,828. Insiders own 10.80% of the company's stock.

Amazon.com Trading Up 2.0 %

Shares of NASDAQ:AMZN traded up $3.84 during midday trading on Wednesday, reaching $196.01. The company's stock had a trading volume of 52,583,223 shares, compared to its average volume of 40,059,232. The firm has a market cap of $2.08 trillion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The business has a 50 day moving average price of $214.60 and a 200 day moving average price of $209.22. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. 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 posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMZN. Stifel Nicolaus upped their price target on Amazon.com from $245.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. The Goldman Sachs Group raised their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Citigroup reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Wedbush restated an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $260.53.

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.