Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,032,520 shares of the e-commerce giant's stock after selling 32,101 shares during the quarter. Amazon.com makes up about 8.3% of AustralianSuper Pty Ltd's holdings, making the stock its biggest holding. AustralianSuper Pty Ltd owned about 0.08% of Amazon.com worth $1,762,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. MBM Wealth Consultants LLC grew its stake in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after purchasing an additional 48 shares during the period. Semus Wealth Partners LLC increased its position in shares of Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after purchasing an additional 49 shares during the last quarter. GGM Financials LLC lifted its stake in shares of Amazon.com by 2.1% in the 4th quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant's stock worth $540,000 after purchasing an additional 50 shares during the period. Finally, Bell Investment Advisors Inc boosted its holdings in shares of Amazon.com by 1.5% in the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock worth $626,000 after buying an additional 51 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Remove Ads

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78 % 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 that occurred on 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 transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AMZN shares. TD Cowen upped their price objective on Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Tigress Financial upped their price target on Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Benchmark raised their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. BMO Capital Markets reiterated an "outperform" rating and set a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, DA Davidson raised their target price on shares of Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Two equities research 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 company. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $260.65.

Amazon.com Trading Down 1.1 %

Amazon.com stock traded down $2.21 during trading hours on Monday, hitting $195.74. The company had a trading volume of 47,047,364 shares, compared to its average volume of 38,212,310. 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 firm has a market cap of $2.07 trillion, a P/E ratio of 35.40, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a 50-day moving average price of $221.65 and a two-hundred day moving average price of $207.76. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

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, beating 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%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.