AustralianSuper Pty Ltd Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

AustralianSuper Pty Ltd decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,032,520 shares of the e-commerce giant’s stock after selling 32,101 shares during the quarter. Amazon.com makes up 8.3% of AustralianSuper Pty Ltd’s portfolio, making the stock its largest position. AustralianSuper Pty Ltd owned 0.08% of Amazon.com worth $1,762,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kanawha Capital Management LLC lifted its stake in Amazon.com by 7.1% in the fourth quarter. Kanawha Capital Management LLC now owns 65,254 shares of the e-commerce giant’s stock worth $14,316,000 after acquiring an additional 4,317 shares during the period. Campbell Wealth Management raised its stake in Amazon.com by 153.8% in the 4th quarter. Campbell Wealth Management now owns 8,389 shares of the e-commerce giant’s stock worth $1,840,000 after acquiring an additional 5,083 shares during the last quarter. Asset Planning Inc acquired a new position in Amazon.com in the 4th quarter worth approximately $14,398,000. Vicus Capital raised its holdings in shares of Amazon.com by 45.6% during the fourth quarter. Vicus Capital now owns 28,249 shares of the e-commerce giant’s stock worth $6,197,000 after purchasing an additional 8,845 shares during the last quarter. Finally, Pictet North America Advisors SA grew its holdings in Amazon.com by 0.5% during the fourth quarter. Pictet North America Advisors SA now owns 157,328 shares of the e-commerce giant’s stock worth $34,516,000 after acquiring an additional 836 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $193.89 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a market cap of $2.05 trillion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.50 and a beta of 1.19. The stock’s 50-day moving average is $222.18 and its two-hundred day moving average is $207.10.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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 24.25%. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMZN shares. JPMorgan Chase & Co. lifted their price target on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Mizuho boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Loop Capital raised their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last 90 days. 10.80% of the stock is currently owned by insiders.

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.