Amica Mutual Insurance Co. reduces position in Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest Form 13F filed with the Securities and Exchange Commission, Amica Mutual Insurance Co. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) up 10.9% in the fourth quarter. The institutional investor owned 181,453 shares of the e-commerce giant after selling 22,311 shares during the quarter. Amazon.com represents approximately 3.0% of Amica Mutual Insurance Co.’s investment portfolio, making it the fourth largest company. At the end of the last quarter, the value of Amica Mutual Insurance Co. shares. on Amazon.com was $27,570,000.

Other institutional investors also changed their positions in the company. In the third quarter, Vanguard Group Inc. increased its shares in Amazon.com by 4.4%. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. FMR LLC increased its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Northern Trust Corp increased its holdings in Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Jennison Associates LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Amazon.com by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares in the last quarter. Institutional investors hold 72.20% of the company’s shares.

Amazon.com Confidential Transactions

In other news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction amount of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. In related news, Keith Brian Alexander, director sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The sale was disclosed in a legal document filed with the Securities and Exchange Commission, which is available at this hyperlink. Additionally, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the sale, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 70,320 shares of company stock worth $12,722,720. Company insiders own 10.80% of the company’s shares.

Analysts set new price targets

Several stock analysts have commented on AMZN stock. Benchmark maintained a “buy” rating on the stock and set a price target of $200.00 for shares of Amazon.com in a report issued on Wednesday, May 1st. Raymond James raised their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong buy” rating in a research note on Wednesday, May 1st. DA Davidson reiterated a “buy” rating and issued a $235.00 price target for shares of Amazon.com in a research note on Thursday, April 18th. Stifel Nicolaus increased their target price on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, TD Cowen raised their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One analyst rated the stock with a hold rating, forty-four issued a buy rating and one gave a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $211.62.

Check out our latest analysis on Amazon.com

Amazon.com pricing performance

Shares of NASDAQ:AMZN opened at $183.15 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. The stock’s fifty-day simple moving average is $181.73 and its two-hundred-day simple moving average is $165.54. Amazon.com, Inc. it has a 1-year low of $113.78 and a 1-year high of $191.70. The company has a market capitalization of $1.91 trillion, a PE ratio of 51.30, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released quarterly data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, $0.15 above the consensus estimate of $0.83. The company’s revenue for the quarter was $143.31 billion, compared to analyst expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenues increased by 12.5% ​​year over year. During the same period last year, the company earned $0.31 EPS. Analysts predict that as a group, Amazon.com, Inc. will report 4.67 EPS for the current financial year.

About Amazon.com

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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