MRA Advisory Group lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,367 shares of the e-commerce giant's stock after selling 2,097 shares during the period. Amazon.com makes up about 2.3% of MRA Advisory Group's investment portfolio, making the stock its 12th largest position. MRA Advisory Group's holdings in Amazon.com were worth $4,249,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. State Street Corp increased its stake in shares of Amazon.com by 3.3% in 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 buying an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC grew its holdings in Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after acquiring an additional 6,545,944 shares in the last quarter. Legal & General Group Plc increased its position in shares of 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 raised its stake in shares of Amazon.com by 3.6% in 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 valued at $10,776,201,000 after purchasing an additional 1,984,592 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Amazon.com by 3.6% during the third 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 purchasing an additional 1,980,663 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Shares of AMZN stock opened at $234.85 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $236.40. The firm's fifty day simple moving average is $220.27 and its 200 day simple moving average is $197.47. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

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

AMZN has been the topic of several research reports. Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Morgan Stanley lifted their price target on Amazon.com from $230.00 to $280.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. TD Cowen boosted their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company upped their target price on Amazon.com from $197.00 to $212.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. Two 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 data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $249.02.

Check Out Our Latest Report on Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last quarter. Corporate insiders own 10.80% of the company's stock.

(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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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