Amazon.com, Inc. (NASDAQ:AMZN) Holdings Reduced by Flputnam Investment Management Co.

Flputnam Investment Management Co. decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 534,170 shares of the e-commerce giant’s stock after selling 4,749 shares during the quarter. Amazon.com comprises about 2.1% of Flputnam Investment Management Co.’s portfolio, making the stock its 8th largest holding. Flputnam Investment Management Co.’s holdings in Amazon.com were worth $117,192,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMZN. AMF Tjanstepension AB grew its holdings in shares of Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after purchasing an additional 811,425 shares in the last quarter. Swedbank AB raised its stake in Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after purchasing an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC bought a new position in Amazon.com during the third quarter valued at $279,000. Howard Capital Management Group LLC grew its stake in shares of Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after buying an additional 897 shares in the last quarter. Finally, Meridian Management Co. increased its holdings in shares of Amazon.com by 27.6% in the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock worth $6,235,000 after buying an additional 7,246 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.3 %

Shares of NASDAQ AMZN opened at $190.26 on Tuesday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business has a fifty day moving average price of $216.15 and a 200 day moving average price of $209.27. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 over the last 90 days. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. Jefferies Financial Group dropped their price target on Amazon.com from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Monday. TD Cowen lifted their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Raymond James increased their price target on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Roth Mkm raised their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.11.

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.