Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Cut by Sarasin & Partners LLP

Sarasin & Partners LLP lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,857,145 shares of the e-commerce giant’s stock after selling 285,059 shares during the quarter. Amazon.com accounts for about 6.9% of Sarasin & Partners LLP’s holdings, making the stock its 3rd biggest holding. Sarasin & Partners LLP’s holdings in Amazon.com were worth $626,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. M.E. Allison & CO. Inc. acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $1,474,000. Willner & Heller LLC raised its position in Amazon.com by 2.1% in the fourth quarter. Willner & Heller LLC now owns 13,403 shares of the e-commerce giant’s stock valued at $2,940,000 after purchasing an additional 282 shares during the period. Trueblood Wealth Management LLC lifted its stake in Amazon.com by 37.2% during the fourth quarter. Trueblood Wealth Management LLC now owns 7,983 shares of the e-commerce giant’s stock worth $1,751,000 after purchasing an additional 2,166 shares in the last quarter. Mechanics Bank Trust Department boosted its position in shares of Amazon.com by 3.0% during the fourth quarter. Mechanics Bank Trust Department now owns 62,018 shares of the e-commerce giant’s stock worth $13,606,000 after buying an additional 1,822 shares during the period. Finally, Pine Haven Investment Counsel Inc purchased a new stake in shares of Amazon.com in the 4th quarter valued at $202,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMZN shares. Robert W. Baird raised their target price on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Stifel Nicolaus upped their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Evercore ISI raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $252.56.

Check Out Our Latest Stock Report on Amazon.com

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now directly owns 94,630 shares in the company, valued at $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,027,340 shares of company stock valued at $1,252,456,773 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $242.06 on Wednesday. The stock has a market capitalization of $2.55 trillion, a P/E ratio of 51.83, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company’s fifty day moving average is $224.55 and its two-hundred day moving average is $199.36.

Amazon.com Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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