Factory Mutual Insurance Co. Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Factory Mutual Insurance Co. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,463,600 shares of the e-commerce giant’s stock after selling 124,200 shares during the period. Amazon.com makes up 2.8% of Factory Mutual Insurance Co.’s holdings, making the stock its 4th biggest holding. Factory Mutual Insurance Co.’s holdings in Amazon.com were worth $190,795,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. State Street Corp grew its position in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC grew its position in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after acquiring an additional 116,383,502 shares during the last quarter. Finally, Norges Bank bought a new position in Amazon.com in the fourth quarter valued at about $8,263,591,000. Institutional investors own 57.96% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 50,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $141.00, for a total value of $7,050,000.00. Following the transaction, the chief executive officer now directly owns 510,301 shares in the company, valued at approximately $71,952,441. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,408,645 shares of company stock valued at $55,208,288. Insiders own 12.30% of the company’s stock.

Amazon.com Trading Up 6.8 %

Shares of Amazon.com stock opened at $127.74 on Friday. The stock has a fifty day simple moving average of $132.39 and a 200 day simple moving average of $125.38. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $145.86. The company has a market capitalization of $1.32 trillion, a P/E ratio of 100.58, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The business had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 2.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Barclays lifted their target price on Amazon.com from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday. Morgan Stanley reissued an “overweight” rating and set a $175.00 price target on shares of Amazon.com in a research note on Monday, October 2nd. UBS Group cut their price target on Amazon.com from $180.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Sanford C. Bernstein lifted their price target on Amazon.com from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Finally, Susquehanna lifted their price target on Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $165.70.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.