Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lowered by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,414,024 shares of the e-commerce giant's stock after selling 74,000 shares during the period. Amazon.com accounts for about 3.4% of Factory Mutual Insurance Co.'s holdings, making the stock its 7th biggest position. Factory Mutual Insurance Co.'s holdings in Amazon.com were worth $310,223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Amazon.com by 3.6% in the third 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 valued at $10,776,201,000 after purchasing an additional 1,984,592 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Amazon.com by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock valued at $10,678,217,000 after purchasing an additional 1,980,663 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

NASDAQ:AMZN traded down $6.30 during trading hours on Friday, hitting $216.58. 55,147,843 shares of the company's stock traded hands, compared to its average volume of 35,339,464. The firm has a market cap of $2.30 trillion, a P/E ratio of 39.16, a P/E/G ratio of 1.54 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business's fifty day simple moving average is $227.88 and its two-hundred day simple moving average is $204.26. 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 posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, 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 completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,852 shares of company stock valued at $9,324,151. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Loop Capital raised their target price on Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Scotiabank increased their price target on Amazon.com from $246.00 to $306.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. Finally, Raymond James increased their price target on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $260.74.

About Amazon.com

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.