Amica Mutual Insurance Co. Sells 8,641 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Amica Mutual Insurance Co. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,917 shares of the e-commerce giant's stock after selling 8,641 shares during the quarter. Amazon.com makes up about 3.7% of Amica Mutual Insurance Co.'s investment portfolio, making the stock its 5th biggest holding. Amica Mutual Insurance Co.'s holdings in Amazon.com were worth $36,401,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Swedbank AB increased its stake in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after purchasing an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC acquired a new position in Amazon.com during the third quarter worth approximately $279,000. Howard Capital Management Group LLC increased its position 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 worth $66,434,000 after buying an additional 897 shares during the last quarter. Pettinga Financial Advisors LLC raised its stake in Amazon.com by 4.3% in 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 buying an additional 225 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Amazon.com by 5.1% in the third 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 last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN opened at $188.99 on Monday. The business has a 50-day simple moving average of $193.52 and a two-hundred day simple moving average of $208.05. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market cap of $2.00 trillion, a PE ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39. 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 issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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 shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Mizuho dropped their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. cut their target price on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Citigroup cut their price objective on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, DA Davidson reduced their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $247.56.

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.

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