Stevens Capital Management LP Sells 88,786 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Stevens Capital Management LP decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 89.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,688 shares of the e-commerce giant’s stock after selling 88,786 shares during the period. Amazon.com makes up 0.9% of Stevens Capital Management LP’s holdings, making the stock its 16th largest position. Stevens Capital Management LP’s holdings in Amazon.com were worth $2,345,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AMZN. Swedbank AB grew its holdings 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 during the period. Sassicaia Capital Advisers LLC bought a new position in shares of Amazon.com during the third quarter worth $279,000. Howard Capital Management Group LLC grew its holdings 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 valued at $66,434,000 after buying an additional 897 shares during the period. Pettinga Financial Advisors LLC increased its position in shares of Amazon.com by 4.3% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant’s stock valued at $1,027,000 after buying an additional 225 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Amazon.com by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant’s stock worth $3,757,589,000 after buying an additional 984,570 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 5,848 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the sale, the senior vice president now directly owns 69,162 shares of the company’s stock, valued at $15,265,436.64. The trade was a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Bank of America cut their price objective on Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group lowered their target price on Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.56.

Amazon.com Trading Up 4.4 %

Amazon.com stock opened at $180.84 on Thursday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a 50-day moving average price of $195.11 and a 200 day moving average price of $207.66. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.