DLK Investment Management LLC Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

DLK Investment Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,075 shares of the e-commerce giant’s stock after selling 767 shares during the quarter. Amazon.com makes up about 2.7% of DLK Investment Management LLC’s portfolio, making the stock its 13th biggest holding. DLK Investment Management LLC’s holdings in Amazon.com were worth $6,379,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares in the last quarter. Parnassus Investments LLC boosted its position in Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after acquiring an additional 11,391,479 shares during the last quarter. State Street Corp grew its stake in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC raised its holdings in Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake in Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after purchasing an additional 3,903,889 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $242.06 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm 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’s fifty day moving average price is $224.55 and its 200 day moving average price is $199.36.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,027,340 shares of company stock worth $1,252,456,773. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Raymond James upped their price target on Amazon.com from $230.00 to $260.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Wolfe Research boosted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. BMO Capital Markets restated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Roth Mkm lifted their target price on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada increased their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $252.56.

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.