Amazon.com, Inc. (NASDAQ:AMZN) is Crossmark Global Holdings Inc.’s 4th Largest Position

Crossmark Global Holdings Inc. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 479,744 shares of the e-commerce giant’s stock after selling 94,171 shares during the quarter. Amazon.com accounts for approximately 1.9% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 4th largest holding. Crossmark Global Holdings Inc.’s holdings in Amazon.com were worth $105,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Amazon.com by 3.4% during the 3rd 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. Legal & General Group Plc lifted its position in shares of Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after buying an additional 1,042,177 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Amazon.com by 3.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock valued at $10,776,201,000 after acquiring an additional 1,984,592 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Amazon.com by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant’s stock worth $10,678,217,000 after acquiring an additional 1,980,663 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,026,212 shares of company stock worth $625,666,424 over the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $238.83 on Friday. The firm has a market capitalization of $2.51 trillion, a PE ratio of 51.14, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm’s 50 day simple moving average is $225.85 and its 200 day simple moving average is $200.03. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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 8.04% and a return on equity of 22.41%. As a group, analysts expect that Amazon.com, Inc. will post 5.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on AMZN shares. Loop Capital raised their price objective on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Maxim Group raised their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Truist Financial upped their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities raised their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $252.56.

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.