Securian Asset Management Inc. Sells 13,667 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Securian Asset Management Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 502,972 shares of the e-commerce giant's stock after selling 13,667 shares during the period. Amazon.com comprises about 3.2% of Securian Asset Management Inc.'s holdings, making the stock its 4th largest holding. Securian Asset Management Inc.'s holdings in Amazon.com were worth $110,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Forge First Asset Management Inc. boosted its stake in shares of Amazon.com by 119.4% in the 4th quarter. Forge First Asset Management Inc. now owns 39,500 shares of the e-commerce giant's stock valued at $8,666,000 after buying an additional 21,500 shares during the period. Westchester Capital Management Inc. lifted its stake in Amazon.com by 2.8% in the fourth quarter. Westchester Capital Management Inc. now owns 37,841 shares of the e-commerce giant's stock worth $8,302,000 after acquiring an additional 1,034 shares during the last quarter. Truvestments Capital LLC grew its holdings in Amazon.com by 7.9% during the 4th quarter. Truvestments Capital LLC now owns 8,023 shares of the e-commerce giant's stock worth $1,760,000 after acquiring an additional 588 shares in the last quarter. Austin Wealth Management LLC increased its position in shares of Amazon.com by 5.5% in the 4th quarter. Austin Wealth Management LLC now owns 12,405 shares of the e-commerce giant's stock valued at $2,803,000 after purchasing an additional 647 shares during the last quarter. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of Amazon.com in the 4th quarter valued at $2,844,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com 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 transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, 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. Over the last three months, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AMZN shares. Mizuho dropped their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Rosenblatt Securities raised their target price on Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Morgan Stanley lowered their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a report on Monday. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. decreased their price objective on Amazon.com from $270.00 to $220.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $252.73.

Amazon.com Trading Down 3.6 %

AMZN stock traded down $6.51 during midday trading on Wednesday, hitting $173.08. The stock had a trading volume of 29,202,868 shares, compared to its average volume of 41,568,664. The company's 50-day moving average price is $201.96 and its 200 day moving average price is $208.30. 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 firm has a market cap of $1.83 trillion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) 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, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share 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.