Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lessened by Titan Global Capital Management USA LLC

Titan Global Capital Management USA LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 194,219 shares of the e-commerce giant’s stock after selling 5,565 shares during the quarter. Amazon.com accounts for about 6.5% of Titan Global Capital Management USA LLC’s portfolio, making the stock its biggest holding. Titan Global Capital Management USA LLC’s holdings in Amazon.com were worth $42,610,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. lifted its stake 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 worth $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. State Street Corp increased its stake in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. FMR LLC increased its stake in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Finally, Norges Bank acquired a new position in shares of Amazon.com during the 4th quarter valued at about $27,266,582,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

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

Analyst Ratings Changes

A number of brokerages have commented on AMZN. Tigress Financial lifted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday. Mizuho reduced their price target on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Barclays decreased their price objective on Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $192.08 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm’s 50 day moving average is $188.71 and its two-hundred day moving average is $207.77. The firm has a market capitalization of $2.04 trillion, a P/E ratio of 34.73, a P/E/G ratio of 1.50 and a beta of 1.30.

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

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.