Lee Danner & Bass Inc. Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Lee Danner & Bass Inc. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 154,177 shares of the e-commerce giant's stock after selling 9,453 shares during the quarter. Amazon.com comprises 2.7% of Lee Danner & Bass Inc.'s portfolio, making the stock its 7th biggest holding. Lee Danner & Bass Inc.'s holdings in Amazon.com were worth $33,825,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMZN. State Street Corp lifted its holdings in shares of Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC increased its position in 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 worth $37,116,341,000 after acquiring an additional 6,545,944 shares during the period. Bank of New York Mellon Corp raised its stake in Amazon.com by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock valued at $14,719,407,000 after purchasing an additional 545,292 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Amazon.com by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,638,207 shares of the e-commerce giant's stock valued at $13,084,026,000 after purchasing an additional 2,330,113 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Amazon.com by 3.6% in the 3rd 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 worth $10,776,201,000 after purchasing an additional 1,984,592 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction on Monday, February 24th. The shares were 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 directly owns 49,950 shares of the company's stock, valued at $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Bank of America cut their price objective on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Benchmark raised their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Oppenheimer lifted their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Wolfe Research upped their target price on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Finally, JMP Securities decreased their price target on shares of Amazon.com from $285.00 to $240.00 and set a "market outperform" rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $247.56.

Amazon.com Trading Up 4.4 %

Shares of AMZN traded up $7.66 on Wednesday, reaching $180.84. 63,151,736 shares of the company's stock were exchanged, compared to its average volume of 41,914,739. The business has a 50 day moving average price of $196.07 and a two-hundred day moving average price of $207.85. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS 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%. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share 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.