Beacon Capital Management LLC Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Beacon Capital Management LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,000 shares of the e-commerce giant’s stock after selling 544 shares during the quarter. Amazon.com makes up 1.1% of Beacon Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Beacon Capital Management LLC’s holdings in Amazon.com were worth $8,337,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMZN. AMF Tjanstepension AB grew its holdings in Amazon.com by 44.3% during the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after buying an additional 811,425 shares in the last quarter. Swedbank AB grew its holdings in Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after buying an additional 183,610 shares in the last quarter. LaFleur & Godfrey LLC grew its holdings in Amazon.com by 38.8% during the 3rd quarter. LaFleur & Godfrey LLC now owns 48,547 shares of the e-commerce giant’s stock valued at $9,046,000 after buying an additional 13,560 shares in the last quarter. Indiana Trust & Investment Management Co grew its holdings in Amazon.com by 15.2% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 42,401 shares of the e-commerce giant’s stock valued at $7,901,000 after buying an additional 5,600 shares in the last quarter. Finally, Amplius Wealth Advisors LLC grew its holdings in Amazon.com by 0.9% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 14,550 shares of the e-commerce giant’s stock valued at $2,711,000 after buying an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $197.95 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $221.65 and a two-hundred day moving average of $207.50. The firm has a market cap of $2.10 trillion, a P/E ratio of 35.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating 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 expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares of the company’s stock, valued at $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMZN shares. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Raymond James raised their price objective on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. HSBC raised their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, Oppenheimer raised their price objective on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

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.