Clearbridge Investments LLC Sells 326,213 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Clearbridge Investments LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,202,465 shares of the e-commerce giant's stock after selling 326,213 shares during the quarter. Amazon.com accounts for approximately 2.5% of Clearbridge Investments LLC's investment portfolio, making the stock its 4th largest holding. Clearbridge Investments LLC owned 0.18% of Amazon.com worth $2,917,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Philadelphia Trust Co. raised its position in Amazon.com by 0.3% during the fourth quarter. Philadelphia Trust Co. now owns 80,881 shares of the e-commerce giant's stock valued at $12,289,000 after acquiring an additional 275 shares in the last quarter. Balentine LLC increased its position in shares of Amazon.com by 39.2% in the fourth quarter. Balentine LLC now owns 77,969 shares of the e-commerce giant's stock valued at $11,847,000 after buying an additional 21,973 shares in the last quarter. Associated Banc Corp increased its position in shares of Amazon.com by 0.4% in the fourth quarter. Associated Banc Corp now owns 513,007 shares of the e-commerce giant's stock valued at $77,946,000 after buying an additional 1,791 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Amazon.com by 4.6% in the fourth quarter. Thoroughbred Financial Services LLC now owns 206,717 shares of the e-commerce giant's stock worth $31,408,000 after acquiring an additional 9,055 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Amazon.com by 3.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 312,962 shares of the e-commerce giant's stock worth $47,551,000 after acquiring an additional 9,036 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Loop Capital lifted their price target on Amazon.com from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, May 6th. UBS Group lifted their price target on Amazon.com from $215.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. Barclays lifted their price target on Amazon.com from $220.00 to $230.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $205.00 price target on shares of Amazon.com in a research note on Wednesday, May 15th. Finally, Argus boosted their price objective on Amazon.com from $185.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $212.40.

Insider Activity

In related news, VP Shelley Reynolds sold 2,700 shares of the company's stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $21,726,894.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company's stock, valued at approximately $92,767,524.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the company's stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $21,726,894.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,838 shares of company stock worth $11,984,344. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Down 0.4 %

Shares of AMZN traded down $0.70 during mid-day trading on Friday, reaching $184.30. The company's stock had a trading volume of 27,979,198 shares, compared to its average volume of 42,359,203. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70. The stock has a market cap of $1.92 trillion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 1.30 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company's 50 day moving average is $182.53 and its 200 day moving average is $168.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the prior year, the business posted $0.31 EPS. The business's revenue for the quarter was up 12.5% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 4.72 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.