Amazon.com, Inc. (NASDAQ:AMZN) Position Decreased by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 32.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,702 shares of the e-commerce giant's stock after selling 6,980 shares during the quarter. Amazon.com comprises about 0.2% of Angeles Investment Advisors LLC's investment portfolio, making the stock its 28th biggest position. Angeles Investment Advisors LLC's holdings in Amazon.com were worth $3,225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Swedbank AB lifted its holdings 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 during the period. Sassicaia Capital Advisers LLC acquired a new position in Amazon.com during the third quarter worth approximately $279,000. Howard Capital Management Group LLC raised its stake in Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after purchasing an additional 897 shares during the period. Pettinga Financial Advisors LLC boosted its holdings in shares of Amazon.com by 4.3% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant's stock valued at $1,027,000 after purchasing an additional 225 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Amazon.com by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after buying an additional 984,570 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last quarter. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock traded up $2.45 during trading hours on Friday, reaching $188.99. The stock had a trading volume of 36,349,105 shares, compared to its average volume of 41,921,675. The firm has a market capitalization of $2.00 trillion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The firm has a 50-day simple moving average of $194.27 and a 200-day simple moving average of $207.70. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month 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 released 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%. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Raymond James restated an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a report on Monday. Stifel Nicolaus decreased their target price on Amazon.com from $275.00 to $248.00 and set a "buy" rating for the company in a report on Wednesday. Piper Sandler restated an "overweight" rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and forty-five have assigned a 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 $247.56.

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.