Aviva PLC Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

Aviva PLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 0.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,454,784 shares of the e-commerce giant’s stock after selling 4,484 shares during the quarter. Amazon.com comprises 2.3% of Aviva PLC’s portfolio, making the stock its 3rd largest position. Aviva PLC’s holdings in Amazon.com were worth $390,391,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Bridgefront Capital LLC bought a new position in Amazon.com in the first quarter worth about $228,000. Krane Funds Advisors LLC raised its position in shares of Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $258,000. My Personal CFO LLC acquired a new position in Amazon.com during the 1st quarter valued at approximately $261,000. Finally, Worth Asset Management LLC bought a new position in Amazon.com during the 1st quarter worth $191,000. Institutional investors own 57.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMZN. UBS Group boosted their price target on shares of Amazon.com from $118.00 to $127.00 in a report on Friday, February 3rd. Evercore ISI upped their target price on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Rosenblatt Securities lifted their price target on Amazon.com from $103.00 to $106.00 and gave the company a “neutral” rating in a report on Friday, February 3rd. Wells Fargo & Company decreased their price objective on Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Finally, Moffett Nathanson initiated coverage on Amazon.com in a research note on Tuesday, November 15th. They set an “outperform” rating and a $118.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $144.87.

Amazon.com Stock Up 3.0 %

AMZN stock opened at $94.90 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The firm has a market cap of $972.46 billion, a PE ratio of -354.09, a PEG ratio of 3.91 and a beta of 1.25. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The company has a fifty day simple moving average of $94.93 and a 200 day simple moving average of $104.09.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders sold 71,394 shares of company stock valued at $6,994,626 over the last 90 days. 12.70% of the stock is currently owned by company insiders.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.