Exchange Capital Management Inc. Sells 2,132 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Exchange Capital Management Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,626 shares of the e-commerce giant's stock after selling 2,132 shares during the period. Amazon.com accounts for 3.5% of Exchange Capital Management Inc.'s portfolio, making the stock its 3rd largest holding. Exchange Capital Management Inc.'s holdings in Amazon.com were worth $22,076,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AMZN. State Street Corp lifted its stake in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC grew its position 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 valued at $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Amazon.com by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock worth $14,719,407,000 after buying an additional 545,292 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Amazon.com by 3.6% during the third 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 buying an additional 1,984,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 valued at $10,678,217,000 after buying an additional 1,980,663 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $2.46 during midday trading on Monday, hitting $190.26. The stock had a trading volume of 63,479,318 shares, compared to its average volume of 39,927,750. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $216.15 and a 200-day simple moving average of $209.27. The company has a market capitalization of $2.02 trillion, a PE ratio of 34.41, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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%. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMZN. Telsey Advisory Group reiterated an "outperform" rating and issued a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. UBS Group lifted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a report on Monday, December 16th. Wolfe Research raised their price objective on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Citigroup restated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, Stifel Nicolaus increased their target price on shares of Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $260.11.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 19,212 shares of the business's 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 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,298 shares of company stock valued at $22,871,828. Corporate insiders own 10.80% of the company's stock.

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.