Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,802 shares of the e-commerce giant's stock after selling 1,710 shares during the quarter. Amazon.com accounts for approximately 1.9% of Laffer Tengler Investments Inc.'s investment portfolio, making the stock its 13th biggest holding. Laffer Tengler Investments Inc.'s holdings in Amazon.com were worth $9,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB boosted its holdings in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock worth $492,172,000 after buying an additional 811,425 shares in the last quarter. Swedbank AB boosted its stake in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after acquiring an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC acquired a new stake in shares of Amazon.com during the 3rd quarter valued at about $279,000. Howard Capital Management Group LLC increased its stake in shares of Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after purchasing an additional 897 shares in the last quarter. Finally, Meridian Management Co. raised its holdings in Amazon.com by 27.6% in the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock worth $6,235,000 after purchasing an additional 7,246 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 over the last 90 days. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMZN. Telsey Advisory Group reissued an "outperform" rating and issued a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. HSBC lifted their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Wolfe Research upped their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. TD Cowen lifted their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company reduced their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $259.26.

Amazon.com Stock Down 2.6 %

Shares of AMZN traded down $4.60 during midday trading on Tuesday, reaching $170.66. The stock had a trading volume of 87,369,753 shares, compared to its average volume of 41,100,882. The company has a market cap of $1.81 trillion, a price-to-earnings ratio of 30.86, a PEG ratio of 1.50 and a beta of 1.39. The company's fifty day simple moving average is $208.30 and its two-hundred day simple moving average is $208.70. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. 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 posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.