Sigma Planning Corp Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Sigma Planning Corp lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 334,488 shares of the e-commerce giant's stock after selling 23,606 shares during the period. Amazon.com comprises 2.3% of Sigma Planning Corp's portfolio, making the stock its 4th largest position. Sigma Planning Corp's holdings in Amazon.com were worth $73,383,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. AMF Tjanstepension AB increased its holdings in Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock valued at $492,172,000 after buying an additional 811,425 shares during the last quarter. Swedbank AB increased its holdings in shares of Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after acquiring an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC acquired a new stake in shares of Amazon.com during the 3rd quarter valued at approximately $279,000. Howard Capital Management Group LLC increased its stake in Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after purchasing an additional 897 shares during the last quarter. Finally, Meridian Management Co. lifted its position in shares of Amazon.com by 27.6% in the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock worth $6,235,000 after buying an additional 7,246 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $2.34 on Tuesday, hitting $205.60. 20,370,011 shares of the company were exchanged, compared to its average volume of 38,443,934. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company's 50 day moving average price is $218.60 and its two-hundred day moving average price is $208.62. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.14, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares of the company's stock, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828. Corporate insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent research reports. Redburn Atlantic boosted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. JMP Securities reiterated a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Telsey Advisory Group restated an "outperform" rating and set a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. UBS Group raised their target price on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Morgan Stanley upped their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Two equities research 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. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $260.65.

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.