Amazon.com, Inc. (NASDAQ:AMZN) Stake Lessened by Retirement Income Solutions Inc

Retirement Income Solutions Inc lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,106 shares of the e-commerce giant’s stock after selling 255 shares during the period. Amazon.com comprises about 0.8% of Retirement Income Solutions Inc’s investment portfolio, making the stock its 19th largest position. Retirement Income Solutions Inc’s holdings in Amazon.com were worth $4,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. AMF Tjanstepension AB increased its stake in Amazon.com by 44.3% during 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 purchasing an additional 811,425 shares during the last quarter. Swedbank AB increased its stake in Amazon.com by 1.4% during the third 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. Naviter Wealth LLC increased its stake in Amazon.com by 4.6% during the third quarter. Naviter Wealth LLC now owns 52,149 shares of the e-commerce giant’s stock valued at $9,717,000 after purchasing an additional 2,316 shares during the last quarter. Sassicaia Capital Advisers LLC acquired a new position in shares of Amazon.com during the third quarter valued at $279,000. Finally, Greater Midwest Financial Group LLC boosted its holdings in shares of Amazon.com by 0.3% during the third quarter. Greater Midwest Financial Group LLC now owns 54,724 shares of the e-commerce giant’s stock valued at $10,197,000 after acquiring an additional 145 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock worth $22,871,828 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMZN. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 7th. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Wedbush reissued an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Benchmark boosted their price target on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, TD Cowen boosted their price target on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Two investment 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. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Price Performance

NASDAQ AMZN opened at $197.95 on Monday. The stock’s 50-day moving average price is $221.65 and its two-hundred day moving average price is $207.76. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.10 trillion, a PE ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

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

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.