Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 854,846 shares of the e-commerce giant's stock after selling 54,064 shares during the quarter. Amazon.com accounts for 1.8% of Jupiter Asset Management Ltd.'s portfolio, making the stock its 4th largest position. Jupiter Asset Management Ltd.'s holdings in Amazon.com were worth $187,545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB grew its position in Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after acquiring an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC acquired a new stake in Amazon.com during the 3rd quarter valued at $279,000. Howard Capital Management Group LLC raised its position in Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after purchasing an additional 897 shares during the last quarter. Meridian Management Co. increased its stake in shares of Amazon.com by 27.6% in the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock valued at $6,235,000 after buying an additional 7,246 shares in the last quarter. Finally, Pettinga Financial Advisors LLC raised its holdings in shares of Amazon.com by 4.3% in the third quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant's stock valued at $1,027,000 after buying an additional 225 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. Cantor Fitzgerald reduced their price objective on shares of Amazon.com from $270.00 to $230.00 and set an "overweight" rating on the stock in a research note on Wednesday. Tigress Financial increased their target price on Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Citigroup decreased their target price on Amazon.com from $273.00 to $225.00 and set a "buy" rating for the company in a research report on Monday. Barclays increased their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Scotiabank upped their target price on shares of Amazon.com from $246.00 to $306.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.73.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last quarter. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

AMZN stock traded down $6.51 during midday trading on Wednesday, reaching $173.08. 29,202,868 shares of the company were exchanged, compared to its average volume of 41,568,664. The firm has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The business has a 50-day moving average price of $201.96 and a two-hundred day moving average price of $208.30. Amazon.com, Inc. has a one year low of $151.61 and a one year 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 issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.