Van ECK Associates Corp Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Van ECK Associates Corp lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,270,535 shares of the e-commerce giant's stock after selling 57,371 shares during the period. Van ECK Associates Corp's holdings in Amazon.com were worth $278,742,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. MontVue Capital Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at $221,000. Channing Global Advisors LLC grew its holdings in Amazon.com by 44.0% during the 4th quarter. Channing Global Advisors LLC now owns 52,858 shares of the e-commerce giant's stock valued at $11,597,000 after purchasing an additional 16,151 shares in the last quarter. Evolution Advisers Inc. grew its holdings in Amazon.com by 35.7% during the 4th quarter. Evolution Advisers Inc. now owns 1,060 shares of the e-commerce giant's stock valued at $232,000 after purchasing an additional 279 shares in the last quarter. Diversified Portfolios Inc. grew its holdings in Amazon.com by 1.8% during the 4th quarter. Diversified Portfolios Inc. now owns 13,921 shares of the e-commerce giant's stock valued at $3,054,000 after purchasing an additional 240 shares in the last quarter. Finally, Harvey Capital Management Inc. grew its holdings in Amazon.com by 2.8% during the 4th quarter. Harvey Capital Management Inc. now owns 156,846 shares of the e-commerce giant's stock valued at $34,410,000 after purchasing an additional 4,230 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction dated 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 sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 1.1 %

Shares of Amazon.com stock opened at $196.59 on Wednesday. The firm has a market capitalization of $2.08 trillion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company's fifty day moving average price is $223.12 and its two-hundred day moving average price is $207.25. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

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Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMZN. Morgan Stanley raised their price target on shares of Amazon.com from $230.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $270.00 price target on shares of Amazon.com in a report on Friday, February 7th. Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Stifel Nicolaus raised their price target on shares of Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average price target of $260.65.

Amazon.com Company 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.

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