Coronation Fund Managers Ltd. Sells 19,558 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Coronation Fund Managers Ltd. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 244,223 shares of the e-commerce giant’s stock after selling 19,558 shares during the quarter. Amazon.com comprises about 3.2% of Coronation Fund Managers Ltd.’s portfolio, making the stock its 11th largest holding. Coronation Fund Managers Ltd.’s holdings in Amazon.com were worth $53,580,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB boosted its holdings in Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after acquiring an additional 811,425 shares during the last quarter. Keeler & Nadler Financial Planning & Wealth Management raised its stake in Amazon.com by 12.0% during the third quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 3,560 shares of the e-commerce giant’s stock worth $663,000 after buying an additional 381 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in Amazon.com by 19.3% in the third quarter. Pinnacle Bancorp Inc. now owns 29,241 shares of the e-commerce giant’s stock valued at $5,448,000 after buying an additional 4,721 shares during the period. LifePro Asset Management grew its holdings in Amazon.com by 74.3% during the 3rd quarter. LifePro Asset Management now owns 6,484 shares of the e-commerce giant’s stock worth $1,208,000 after acquiring an additional 2,765 shares during the period. Finally, Watts Gwilliam & Co. LLC acquired a new position in shares of Amazon.com in the 3rd quarter valued at about $6,056,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.7 %

Shares of AMZN stock opened at $199.25 on Friday. 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 firm has a market cap of $2.11 trillion, a P/E ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19. The company has a 50 day moving average of $224.11 and a 200-day moving average of $206.61. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its 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 return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated 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 sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,649 shares of company stock worth $23,871,905. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Rosenblatt Securities boosted their price target on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Roth Mkm raised their price target on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Wolfe Research upped their price objective 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. Raymond James raised their target price on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Finally, Moffett Nathanson upped their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.65.

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.