Amazon.com, Inc. (NASDAQ:AMZN) Stake Reduced by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 102,683 shares of the e-commerce giant's stock after selling 9,959 shares during the period. Amazon.com accounts for about 8.8% of RWQ Financial Management Services Inc.'s portfolio, making the stock its 3rd largest position. RWQ Financial Management Services Inc.'s holdings in Amazon.com were worth $22,528,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Proficio Capital Partners LLC increased its holdings in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares in the last quarter. Parnassus Investments LLC grew its position in Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares during the period. State Street Corp increased its stake in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 buying an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake in shares of Amazon.com by 23,742.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant's stock valued at $1,119,463,000 after buying an additional 5,081,217 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value 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 $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. Corporate insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Needham & Company LLC reissued a "buy" rating and issued a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. JMP Securities cut their price objective on shares of Amazon.com from $285.00 to $240.00 and set a "market outperform" rating on the stock in a report on Monday, April 14th. Finally, Bank of America reduced their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $247.56.

Amazon.com Price Performance

NASDAQ:AMZN traded up $7.66 during trading hours on Wednesday, hitting $180.84. 63,151,736 shares of the company's stock traded hands, compared to its average volume of 41,914,739. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business's fifty day simple moving average is $196.07 and its two-hundred day simple moving average is $207.85. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.92 trillion, a P/E ratio of 32.70, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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%. On average, research analysts anticipate 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.