First Pacific Advisors LP Sells 101,747 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First Pacific Advisors LP cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,534,902 shares of the e-commerce giant's stock after selling 101,747 shares during the quarter. Amazon.com makes up 4.8% of First Pacific Advisors LP's portfolio, making the stock its 9th largest holding. First Pacific Advisors LP's holdings in Amazon.com were worth $336,742,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Moran Wealth Management LLC grew its holdings in shares of Amazon.com by 6.8% during the fourth quarter. Moran Wealth Management LLC now owns 19,461 shares of the e-commerce giant's stock worth $4,270,000 after purchasing an additional 1,236 shares during the last quarter. Main Street Research LLC boosted its position in shares of Amazon.com by 2.6% during the 4th quarter. Main Street Research LLC now owns 306,948 shares of the e-commerce giant's stock worth $67,341,000 after purchasing an additional 7,792 shares in the last quarter. Isthmus Partners LLC bought a new stake in Amazon.com in the 4th quarter valued at about $533,000. Rebalance LLC grew its stake in Amazon.com by 38.9% in the fourth quarter. Rebalance LLC now owns 1,792 shares of the e-commerce giant's stock valued at $393,000 after acquiring an additional 502 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Amazon.com by 3.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,812,458 shares of the e-commerce giant's stock worth $1,275,195,000 after purchasing an additional 184,902 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMZN. Westpark Capital started coverage on shares of Amazon.com in a research note on Tuesday, April 1st. They set a "buy" rating and a $280.00 price target for the company. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Royal Bank of Canada increased their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Oppenheimer boosted their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday. Two investment analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $254.60.

Insider Activity

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

Amazon.com Trading Down 0.3 %

AMZN traded down $0.56 during trading on Monday, hitting $184.31. 8,474,355 shares of the company's stock were exchanged, compared to its average volume of 41,484,291. The stock has a 50 day moving average price of $204.23 and a 200 day moving average price of $208.54. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market cap of $1.95 trillion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results 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 return on equity of 24.25% and a net margin of 9.29%. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS 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.