Beacon Capital Management LLC Sells 544 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Beacon Capital Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,000 shares of the e-commerce giant’s stock after selling 544 shares during the period. Amazon.com makes up approximately 1.1% of Beacon Capital Management LLC’s portfolio, making the stock its 16th biggest position. Beacon Capital Management LLC’s holdings in Amazon.com were worth $8,337,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. AMF Tjanstepension AB boosted its stake in Amazon.com by 44.3% during the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after purchasing an additional 811,425 shares during the last quarter. Swedbank AB boosted its stake in Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after purchasing an additional 183,610 shares during the last quarter. LaFleur & Godfrey LLC boosted its stake in Amazon.com by 38.8% during the 3rd quarter. LaFleur & Godfrey LLC now owns 48,547 shares of the e-commerce giant’s stock valued at $9,046,000 after purchasing an additional 13,560 shares during the last quarter. Indiana Trust & Investment Management Co boosted its stake in Amazon.com by 15.2% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 42,401 shares of the e-commerce giant’s stock valued at $7,901,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Amplius Wealth Advisors LLC boosted its stake in Amazon.com by 0.9% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 14,550 shares of the e-commerce giant’s stock valued at $2,711,000 after purchasing an additional 132 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on AMZN. Raymond James lifted their price target on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. UBS Group lifted their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. boosted their target price on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Roth Mkm boosted their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $197.95 on Friday. The company has a market cap of $2.10 trillion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a 50-day moving average price of $221.65 and a 200-day moving average price of $207.50. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 over the last three months. Corporate insiders own 10.80% of the company’s stock.

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.