Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,806,414 shares of the e-commerce giant's stock after selling 24,018 shares during the quarter. Amazon.com makes up 4.4% of Gateway Investment Advisers LLC's portfolio, making the stock its 4th biggest holding. Gateway Investment Advisers LLC's holdings in Amazon.com were worth $396,309,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Sanders Morris Harris LLC grew its position in shares of Amazon.com by 0.5% during the fourth quarter. Sanders Morris Harris LLC now owns 16,987 shares of the e-commerce giant's stock worth $3,743,000 after purchasing an additional 77 shares in the last quarter. BFI Infinity Ltd. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $622,000. West Coast Financial LLC grew its holdings in Amazon.com by 3,032.6% during the 4th quarter. West Coast Financial LLC now owns 50,685 shares of the e-commerce giant's stock valued at $11,120,000 after buying an additional 49,067 shares in the last quarter. Guardian Financial Partners LLC grew its holdings in Amazon.com by 14.3% during the 4th quarter. Guardian Financial Partners LLC now owns 3,102 shares of the e-commerce giant's stock valued at $681,000 after buying an additional 387 shares in the last quarter. Finally, IFS Advisors LLC grew its holdings in Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant's stock valued at $76,000 after buying an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMZN shares. Bank of America raised their price target on Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 1st. Morgan Stanley raised their price target on Amazon.com from $230.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, January 13th. UBS Group raised their price target on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a report on Monday, December 16th. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Tigress Financial lifted their target price on Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $249.46.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company's stock, valued at $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock traded down $2.43 during trading hours on Thursday, hitting $234.64. 31,950,988 shares of the stock traded hands, compared to its average volume of 32,440,846. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.24, a P/E/G ratio of 1.31 and a beta of 1.14. The firm's 50 day moving average price is $222.30 and its 200-day moving average price is $198.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $241.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 5.39 EPS for the current fiscal 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.