Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,463,504 shares of the e-commerce giant’s stock after selling 62,000 shares during the period. Amazon.com comprises approximately 2.8% of Factory Mutual Insurance Co.’s holdings, making the stock its 7th biggest position. Factory Mutual Insurance Co.’s holdings in Amazon.com were worth $222,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in shares of Amazon.com by 5.0% during the fourth quarter. Venturi Wealth Management LLC now owns 41,919 shares of the e-commerce giant’s stock worth $6,369,000 after buying an additional 1,997 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Amazon.com by 9.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 18,072 shares of the e-commerce giant’s stock worth $2,746,000 after buying an additional 1,548 shares during the period. Better Money Decisions LLC increased its position in shares of Amazon.com by 2.6% during the fourth quarter. Better Money Decisions LLC now owns 8,183 shares of the e-commerce giant’s stock worth $1,243,000 after buying an additional 207 shares during the period. Beacon Financial Advisory LLC increased its position in shares of Amazon.com by 4.0% during the fourth quarter. Beacon Financial Advisory LLC now owns 13,720 shares of the e-commerce giant’s stock worth $2,085,000 after buying an additional 532 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in shares of Amazon.com by 1.7% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 38,825 shares of the e-commerce giant’s stock worth $5,899,000 after buying an additional 653 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $181.28 on Thursday. The company’s 50 day moving average is $177.09 and its 200-day moving average is $156.36. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.89 trillion, a P/E ratio of 62.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Roth Mkm reiterated a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a research report on Tuesday. Wells Fargo & Company increased their target price on shares of Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Wolfe Research increased their target price on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Evercore ISI increased their target price on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $202.80.

Insider Activity

In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 over the last quarter. Company insiders own 12.70% of the company’s stock.

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.