Amazon.com, Inc. (NASDAQ:AMZN) Stake Lessened by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,086,496 shares of the e-commerce giant's stock after selling 380,414 shares during the quarter. Amazon.com comprises approximately 7.1% of Intech Investment Management LLC's investment portfolio, making the stock its 2nd biggest holding. Intech Investment Management LLC's holdings in Amazon.com were worth $238,366,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Swedbank AB lifted its stake in shares of Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after purchasing an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC purchased a new position in shares of Amazon.com in the 3rd quarter valued at about $279,000. Howard Capital Management Group LLC grew its position in shares of 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 acquiring an additional 897 shares during the last quarter. Meridian Management Co. raised its position in Amazon.com by 27.6% in the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock valued at $6,235,000 after purchasing an additional 7,246 shares during the last quarter. Finally, Pettinga Financial Advisors LLC raised its position in 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. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMZN. Deutsche Bank Aktiengesellschaft cut their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Telsey Advisory Group decreased their target price on shares of Amazon.com from $275.00 to $235.00 and set an "outperform" rating on the stock in a research report on Wednesday. Loop Capital increased their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Cantor Fitzgerald reduced their target price on shares of Amazon.com from $270.00 to $230.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Two 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $248.13.

Amazon.com Price Performance

AMZN stock traded up $11.87 during trading on Wednesday, hitting $185.05. 19,698,765 shares of the company's stock traded hands, compared to its average volume of 41,749,674. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business has a fifty day simple moving average of $196.07 and a 200 day simple moving average of $207.85. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction on 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 completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 over the last 90 days. Company insiders own 10.80% of the company's stock.

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.