Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lessened by Tran Capital Management L.P.

Tran Capital Management L.P. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 328,681 shares of the e-commerce giant’s stock after selling 15,337 shares during the quarter. Amazon.com accounts for about 8.2% of Tran Capital Management L.P.’s investment portfolio, making the stock its largest position. Tran Capital Management L.P.’s holdings in Amazon.com were worth $72,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiera Capital Corp lifted its holdings in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after purchasing an additional 44,615 shares in the last quarter. American Planning Services Inc. lifted its holdings in Amazon.com by 355.4% during the second quarter. American Planning Services Inc. now owns 17,010 shares of the e-commerce giant’s stock valued at $3,287,000 after purchasing an additional 13,275 shares in the last quarter. Menard Financial Group LLC lifted its holdings in Amazon.com by 24.8% during the second quarter. Menard Financial Group LLC now owns 27,857 shares of the e-commerce giant’s stock valued at $5,383,000 after purchasing an additional 5,542 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Amazon.com by 82.0% during the second quarter. Citizens Financial Group Inc. RI now owns 407,143 shares of the e-commerce giant’s stock valued at $78,680,000 after buying an additional 183,413 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. raised its position in shares of Amazon.com by 968.0% during the second quarter. City of London Investment Management Co. Ltd. now owns 45,015 shares of the e-commerce giant’s stock valued at $8,699,000 after buying an additional 40,800 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on 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 of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,348 shares of company stock valued at $5,036,214 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $230.37 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.42 trillion, a P/E ratio of 41.66, a PEG ratio of 1.36 and a beta of 1.15. The company has a 50 day moving average price of $227.98 and a 200 day moving average price of $201.78.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Sell-side analysts expect that Amazon.com, Inc. will post 6.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMZN shares. Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday. Benchmark increased their target price on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Citigroup reduced their target price on shares of Amazon.com from $275.00 to $273.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, Raymond James upped their price target on shares of Amazon.com from $260.00 to $275.00 in a report on Monday. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com 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.