Mitsubishi UFJ Trust & Banking Corp Sells 131,885 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,092,974 shares of the e-commerce giant's stock after selling 131,885 shares during the period. Amazon.com comprises about 3.1% of Mitsubishi UFJ Trust & Banking Corp's holdings, making the stock its 4th largest holding. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Amazon.com worth $1,336,738,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMZN. Cable Hill Partners LLC lifted its holdings in Amazon.com by 0.5% during the 4th 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. raised its stake in shares of Amazon.com by 0.6% in the fourth 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 during the last quarter. White Wing Wealth Management boosted its holdings in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after acquiring an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC grew its position in 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 acquiring an additional 48 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $2.45 during mid-day trading on Friday, hitting $188.99. The stock had a trading volume of 36,349,105 shares, compared to its average volume of 41,913,658. The company's 50 day simple moving average is $193.52 and its 200 day simple moving average is $207.75. The stock has a market cap of $2.00 trillion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 over the last ninety days. Insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Telsey Advisory Group cut their price objective on Amazon.com from $275.00 to $235.00 and set an "outperform" rating for the company in a research report on Wednesday. Cantor Fitzgerald cut their price target on Amazon.com from $270.00 to $230.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. DA Davidson decreased their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company lowered their price objective 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. Finally, Benchmark upped their target price on shares of Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $247.56.

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.