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

Clearbridge Investments LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,202,465 shares of the e-commerce giant’s stock after selling 326,213 shares during the period. Amazon.com comprises approximately 2.5% of Clearbridge Investments LLC’s investment portfolio, making the stock its 4th biggest holding. Clearbridge Investments LLC owned approximately 0.18% of Amazon.com worth $2,917,622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC bought a new position in shares of Amazon.com in the fourth quarter valued at $43,000. Harbor Investment Advisory LLC grew its stake in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Amazon.com in the third quarter valued at $49,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Amazon.com in the fourth quarter valued at $57,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,838 shares of company stock valued at $11,984,344. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 2.1 %

Shares of NASDAQ AMZN opened at $185.00 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.93 trillion, a price-to-earnings ratio of 51.82, a PEG ratio of 1.28 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $191.70. The stock has a 50-day moving average price of $182.46 and a two-hundred day moving average price of $168.39.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMZN shares. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Morgan Stanley raised their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Wedbush reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Roth Mkm reaffirmed a “buy” rating and set a $210.00 price objective (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $212.40.

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About Amazon.com

(Free Report)

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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