Amazon.com, Inc. (NASDAQ:AMZN) Stake Trimmed by Haverford Trust Co

Haverford Trust Co cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,846 shares of the e-commerce giant's stock after selling 5,600 shares during the quarter. Haverford Trust Co's holdings in Amazon.com were worth $15,762,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Swedbank AB lifted its stake in Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after acquiring an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC acquired a new position in shares of Amazon.com in the 3rd quarter valued at about $279,000. Howard Capital Management Group LLC boosted its holdings in shares of 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 worth $66,434,000 after purchasing an additional 897 shares during the period. Pettinga Financial Advisors LLC grew its position in Amazon.com by 4.3% during the third quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant's stock valued at $1,027,000 after purchasing an additional 225 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Amazon.com by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after buying an additional 984,570 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Maxim Group boosted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wedbush reaffirmed an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Benchmark lifted their price target on Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $247.56.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $10,933,860. This represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 3.3 %

NASDAQ AMZN opened at $186.54 on Friday. The stock's 50 day simple moving average is $194.27 and its 200 day simple moving average is $207.70. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market cap of $1.98 trillion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com 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.

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