Royal London Asset Management Ltd. Sells 17,914 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Royal London Asset Management Ltd. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,689,708 shares of the e-commerce giant’s stock after selling 17,914 shares during the quarter. Amazon.com makes up 4.0% of Royal London Asset Management Ltd.’s investment portfolio, making the stock its 4th largest position. Royal London Asset Management Ltd. owned approximately 0.08% of Amazon.com worth $1,619,153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Diversified LLC raised its stake in Amazon.com by 38.3% during the 2nd quarter. Diversified LLC now owns 10,471 shares of the e-commerce giant’s stock worth $2,024,000 after acquiring an additional 2,899 shares in the last quarter. Secure Asset Management LLC raised its stake in Amazon.com by 16.3% during the 2nd quarter. Secure Asset Management LLC now owns 45,957 shares of the e-commerce giant’s stock worth $8,881,000 after acquiring an additional 6,444 shares in the last quarter. Spinnaker Investment Group LLC raised its stake in Amazon.com by 34.3% during the 2nd quarter. Spinnaker Investment Group LLC now owns 6,608 shares of the e-commerce giant’s stock worth $1,277,000 after acquiring an additional 1,687 shares in the last quarter. Mcrae Capital Management Inc. increased its stake in Amazon.com by 21.1% in the second quarter. Mcrae Capital Management Inc. now owns 2,435 shares of the e-commerce giant’s stock valued at $471,000 after purchasing an additional 425 shares during the period. Finally, American Financial Advisors LLC increased its stake in Amazon.com by 1.4% in the second quarter. American Financial Advisors LLC now owns 28,744 shares of the e-commerce giant’s stock valued at $5,555,000 after purchasing an additional 390 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company restated an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a research note on Wednesday, November 20th. Jefferies Financial Group lifted their target price on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Telsey Advisory Group boosted their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Oppenheimer lifted their price target on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Benchmark lifted their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $243.67.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $218.94 on Friday. The stock has a 50-day moving average price of $216.20 and a two-hundred day moving average price of $195.41. Amazon.com, Inc. has a 12-month low of $149.91 and a 12-month high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.30 trillion, a PE ratio of 46.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.