Covea Finance lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 470,398 shares of the e-commerce giant's stock after selling 24,860 shares during the quarter. Amazon.com comprises approximately 4.7% of Covea Finance's holdings, making the stock its 3rd largest position. Covea Finance's holdings in Amazon.com were worth $103,201,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AMZN. State Street Corp raised 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 during the period. Geode Capital Management LLC raised its position 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 valued at $37,116,341,000 after buying an additional 6,545,944 shares during the period. Legal & General Group Plc increased its position in Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Amazon.com by 3.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock worth $10,776,201,000 after acquiring an additional 1,984,592 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Amazon.com by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock worth $10,678,217,000 after acquiring an additional 1,980,663 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

In related news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares of the company's stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company's stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Shares of NASDAQ AMZN opened at $235.50 on Tuesday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $236.40. The stock has a 50 day moving average of $220.27 and a 200-day moving average of $197.44. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.48 trillion, a P/E ratio of 50.43, a P/E/G ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 earnings per share. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.39 EPS for the current year.

Several analysts recently weighed in on AMZN shares. Redburn Atlantic increased their target price on Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Moffett Nathanson boosted their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. DA Davidson reaffirmed a "buy" rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Sanford C. Bernstein increased their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $249.46.

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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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