Amazon.com, Inc. (NASDAQ:AMZN) is Gulf International Bank UK Ltd's 4th Largest Position

Gulf International Bank UK Ltd lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 736,633 shares of the e-commerce giant's stock after selling 2,689 shares during the period. Amazon.com accounts for approximately 4.1% of Gulf International Bank UK Ltd's holdings, making the stock its 4th biggest holding. Gulf International Bank UK Ltd's holdings in Amazon.com were worth $161,609,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the period. Compass Planning Associates Inc bought a new position in Amazon.com in the fourth quarter worth $51,000. Quattro Financial Advisors LLC lifted its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares during the period. Iron Horse Wealth Management LLC boosted its holdings in shares of Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock valued at $63,000 after buying an additional 112 shares in the last quarter. Finally, Sycomore Asset Management grew its position in shares of Amazon.com by 100.0% in the 4th quarter. Sycomore Asset Management now owns 300 shares of the e-commerce giant's stock worth $66,000 after buying an additional 150 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,298 shares of company stock valued at $22,871,828. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Wedbush restated an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Wells Fargo & Company lowered their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 25th. Royal Bank of Canada increased their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Maxim Group lifted their price target on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $260.53.

Amazon.com Stock Performance

Shares of AMZN stock traded up $3.84 during trading hours on Wednesday, reaching $196.01. 52,583,223 shares of the company traded hands, compared to its average volume of 40,059,232. The firm has a 50-day moving average price of $214.60 and a 200 day moving average price of $209.22. The company has a market cap of $2.08 trillion, a P/E ratio of 35.44, a P/E/G ratio of 1.50 and a beta of 1.19. 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, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share 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.