Strategic Advocates LLC Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Advocates LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,089 shares of the e-commerce giant's stock after selling 2,578 shares during the quarter. Amazon.com comprises about 2.0% of Strategic Advocates LLC's portfolio, making the stock its 12th biggest holding. Strategic Advocates LLC's holdings in Amazon.com were worth $5,943,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMZN. State Street Corp grew its holdings in shares of 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 valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC grew 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 during the period. Legal & General Group Plc grew 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 during the period. Finally, Charles Schwab Investment Management Inc. grew 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 during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,852 shares of company stock worth $9,324,151. Insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN traded down $6.30 during mid-day trading on Friday, reaching $216.58. 55,147,843 shares of the company's stock were exchanged, compared to its average volume of 35,339,464. 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 market capitalization of $2.30 trillion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. The business's fifty day simple moving average is $227.88 and its 200-day simple moving average is $203.96. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its 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 net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMZN. JMP Securities reissued a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Oppenheimer upped their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Cantor Fitzgerald reissued an "overweight" rating and issued a $270.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Barclays increased their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, Truist Financial increased their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $260.74.

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.