MMA Asset Management LLC Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

MMA Asset Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 41.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,426 shares of the e-commerce giant's stock after selling 5,160 shares during the period. Amazon.com comprises 0.7% of MMA Asset Management LLC's portfolio, making the stock its 28th biggest position. MMA Asset Management LLC's holdings in Amazon.com were worth $1,629,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AMZN. Cable Hill Partners LLC increased its holdings in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after buying an additional 44 shares in the last quarter. Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% in the 4th 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 period. White Wing Wealth Management raised its stake in shares of Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after acquiring an additional 47 shares during the last quarter. MBM Wealth Consultants LLC lifted its holdings in shares of Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after purchasing an additional 48 shares during the period. Finally, Semus Wealth Partners LLC grew its stake in shares of Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock worth $3,339,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

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Insider Activity

In other news, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AMZN shares. Barclays increased their price target on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Sanford C. Bernstein raised their target price on Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. Roth Mkm boosted their price target on Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Wells Fargo & Company reduced their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $260.53.

Amazon.com Price Performance

NASDAQ AMZN traded down $17.60 during trading hours on Thursday, reaching $178.41. 95,296,225 shares of the stock traded hands, compared to its average volume of 40,316,435. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a 50 day simple moving average of $214.60 and a two-hundred day simple moving average of $209.22. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.