Bender Robert & Associates Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bender Robert & Associates lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,122 shares of the e-commerce giant's stock after selling 19,746 shares during the period. Amazon.com comprises 6.8% of Bender Robert & Associates' portfolio, making the stock its 4th largest position. Bender Robert & Associates' holdings in Amazon.com were worth $28,109,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Swedbank AB lifted its stake in Amazon.com by 1.4% during the third 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 3rd quarter valued at approximately $279,000. Howard Capital Management Group LLC increased its position in Amazon.com by 0.3% in 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 period. Meridian Management Co. boosted its holdings in shares of Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock valued at $6,235,000 after acquiring an additional 7,246 shares during the period. Finally, Pettinga Financial Advisors LLC grew its position in shares of 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 worth $1,027,000 after acquiring an additional 225 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 2.0 %

NASDAQ AMZN traded down $3.58 during trading hours on Wednesday, hitting $176.01. The company's stock had a trading volume of 4,306,592 shares, compared to its average volume of 41,473,355. The stock has a fifty day moving average of $201.96 and a 200 day moving average of $208.30. 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, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $1.87 trillion, a P/E ratio of 31.88, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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%. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on AMZN. Truist Financial dropped their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. HSBC increased their target price on shares of Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Barclays raised their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Bank of America decreased their price objective on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Wedbush reiterated an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $253.56.

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.