Manning & Napier Advisors LLC Has $363.22 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Manning & Napier Advisors LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,655,571 shares of the e-commerce giant’s stock after selling 296,133 shares during the period. Amazon.com accounts for 4.1% of Manning & Napier Advisors LLC’s holdings, making the stock its 2nd biggest position. Manning & Napier Advisors LLC’s holdings in Amazon.com were worth $363,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. State Street Corp lifted its stake in Amazon.com by 3.3% in the third 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 during the last quarter. Geode Capital Management LLC increased its holdings 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 acquiring an additional 6,545,944 shares during the last quarter. Legal & General Group Plc increased its holdings 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 worth $13,466,933,000 after acquiring an additional 1,042,177 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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. boosted its position in Amazon.com by 3.6% during the third 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 purchasing an additional 1,980,663 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.0 %

NASDAQ AMZN opened at $226.63 on Thursday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The business’s fifty day moving average is $228.22 and its 200 day moving average is $203.44. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced 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 return on equity of 24.25% and a net margin of 9.29%. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Loop Capital increased their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Telsey Advisory Group restated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. DA Davidson upped their target price on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,852 shares of company stock valued at $9,324,151 in the last ninety days. 10.80% of the stock is currently owned by insiders.

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.