BTC Capital Management Inc. Sells 1,780 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

BTC Capital Management Inc. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 123,030 shares of the e-commerce giant's stock after selling 1,780 shares during the quarter. Amazon.com accounts for 2.5% of BTC Capital Management Inc.'s portfolio, making the stock its 8th largest position. BTC Capital Management Inc.'s holdings in Amazon.com were worth $26,992,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AMZN. International Assets Investment Management LLC grew its holdings in shares of Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC grew its holdings in shares of Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock valued at $2,125,148,000 after buying an additional 11,391,479 shares in the last quarter. State Street Corp grew its holdings 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 valued at $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Amazon.com during the third quarter valued at $492,144,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company's 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 in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,852 shares of company stock worth $9,324,151. Company insiders own 10.80% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of a number of research analyst reports. Raymond James lifted their price target on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Wolfe Research lifted their price target on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Evercore ISI lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Royal Bank of Canada lifted their price objective on Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, Maxim Group lifted their price objective on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $260.74.

Amazon.com Stock Performance

AMZN traded down $6.30 on Friday, hitting $216.58. 55,147,843 shares of the stock traded hands, compared to its average volume of 35,339,464. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.30 trillion, a PE ratio of 39.16, a P/E/G ratio of 1.54 and a beta of 1.15. The business has a fifty day moving average price of $227.88 and a two-hundred day moving average price of $204.26.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

About Amazon.com

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.