Amazon.com, Inc. (NASDAQ:AMZN) is Mill Capital Management LLC’s 7th Largest Position

Mill Capital Management LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,797 shares of the e-commerce giant’s stock after selling 9,812 shares during the period. Amazon.com makes up 3.3% of Mill Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Mill Capital Management LLC’s holdings in Amazon.com were worth $41,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. State Street Corp raised its holdings in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after buying an additional 6,545,944 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Amazon.com by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock worth $14,719,407,000 after buying an additional 545,292 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Amazon.com by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,638,207 shares of the e-commerce giant’s stock valued at $13,084,026,000 after acquiring an additional 2,330,113 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 3.3 %

AMZN opened at $186.54 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a 50 day moving average price of $194.27 and a 200 day moving average price of $207.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market cap of $1.98 trillion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company decreased their price objective on 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. Wedbush reiterated an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price objective on shares of Amazon.com from $270.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group reduced their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Maxim Group boosted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $247.56.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 over the last quarter. 10.80% of the stock is owned by corporate insiders.

About Amazon.com

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.