Twin Capital Management Inc. Decreases Position in Amazon.com, Inc. $AMZN

Twin Capital Management Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,172 shares of the e-commerce giant’s stock after selling 2,525 shares during the quarter. Amazon.com comprises 3.2% of Twin Capital Management Inc.’s portfolio, making the stock its 4th biggest holding. Twin Capital Management Inc.’s holdings in Amazon.com were worth $27,430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AMZN. Vanguard Group Inc. raised 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 valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC raised its stake in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its stake in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares during the period. Finally, Norges Bank bought a new stake in Amazon.com in the 4th quarter worth approximately $27,266,582,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMZN. BNP Paribas raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Cantor Fitzgerald lifted their price objective on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Thursday. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average target price of $262.87.

Amazon.com Trading Up 0.0%

Shares of NASDAQ AMZN opened at $231.03 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $221.41 and a two-hundred day simple moving average of $208.26. The firm has a market cap of $2.46 trillion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. Insiders own 10.80% of the company’s stock.

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.