Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Titleist Asset Management LLC

Titleist Asset Management LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,151 shares of the e-commerce giant’s stock after selling 4,695 shares during the quarter. Amazon.com makes up approximately 1.5% of Titleist Asset Management LLC’s investment portfolio, making the stock its 14th largest position. Titleist Asset Management LLC’s holdings in Amazon.com were worth $12,977,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Norges Bank acquired a new stake in Amazon.com in the 4th quarter worth about $27,266,582,000. Vanguard Group Inc. lifted its position in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. State Street Corp increased its position 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 purchasing an additional 11,370,309 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Oppenheimer dropped their target price on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a research note on Friday. Benchmark reiterated a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a report on Friday. Evercore ISI lowered their target price on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Mizuho cut their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $243.55.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,298 shares of company stock valued at $23,818,478. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $186.35 on Tuesday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.98 trillion, a P/E ratio of 33.70, a PEG ratio of 1.50 and a beta of 1.30. The firm has a fifty day moving average price of $189.92 and a 200 day moving average price of $208.04.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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.