Lord Abbett & CO. LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 32.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,450,042 shares of the e-commerce giant's stock after selling 693,569 shares during the quarter. Amazon.com accounts for 0.8% of Lord Abbett & CO. LLC's holdings, making the stock its 19th largest holding. Lord Abbett & CO. LLC's holdings in Amazon.com were worth $270,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AMZN. Rench Wealth Management Inc. raised its holdings in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock valued at $34,395,000 after buying an additional 16,392 shares during the last quarter. Blankinship & Foster LLC raised its stake in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after buying an additional 4,740 shares in the last quarter. Umpqua Bank lifted its holdings in Amazon.com by 0.4% during the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock worth $6,544,000 after buying an additional 137 shares during the last quarter. Finally, Washington Trust Advisors Inc. boosted its position in shares of Amazon.com by 0.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock worth $41,972,000 after acquiring an additional 982 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Several equities research analysts have recently weighed in on AMZN shares. Pivotal Research started coverage on Amazon.com in a research report on Friday, October 11th. They set a "buy" rating and a $260.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Maxim Group upped their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a report on Friday, November 1st. TD Cowen lifted their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada upped their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $245.65.

Read Our Latest Report on AMZN

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Shares of NASDAQ AMZN opened at $225.94 on Friday. The firm's 50-day moving average is $217.56 and its two-hundred day moving average is $196.10. The company has a market capitalization of $2.38 trillion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.

(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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