Amazon.com, Inc. (NASDAQ:AMZN) Stake Lowered by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,121 shares of the e-commerce giant's stock after selling 2,127 shares during the period. Amazon.com comprises 3.3% of Great Lakes Retirement Inc.'s holdings, making the stock its 3rd largest holding. Great Lakes Retirement Inc.'s holdings in Amazon.com were worth $25,256,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. State Street Corp increased its holdings in shares of Amazon.com by 3.3% in the 3rd 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 increased its holdings in shares of Amazon.com by 3.4% in 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 buying an additional 6,545,944 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 worth $10,776,201,000 after buying an additional 1,984,592 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Amazon.com by 3.6% in the 3rd 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 buying an additional 1,980,663 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Amazon.com by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant's stock worth $8,843,714,000 after buying an additional 257,072 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last three months. Insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $4.06 during midday trading on Friday, reaching $197.95. The company's stock had a trading volume of 38,006,323 shares, compared to its average volume of 38,335,013. The firm has a market capitalization of $2.10 trillion, a PE ratio of 35.80, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a fifty day moving average of $222.18 and a 200 day moving average of $207.10. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. BMO Capital Markets restated an "outperform" rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Morgan Stanley lifted their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 price target on shares of Amazon.com in a research note on Friday, February 7th. 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 lifted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average 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.