Amazon.com, Inc. (NASDAQ:AMZN) is Sentry Investment Management LLC’s 4th Largest Position

Sentry Investment Management LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,929 shares of the e-commerce giant’s stock after selling 5,636 shares during the quarter. Amazon.com comprises about 4.1% of Sentry Investment Management LLC’s investment portfolio, making the stock its 4th largest position. Sentry Investment Management LLC’s holdings in Amazon.com were worth $8,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Quattro Financial Advisors LLC boosted its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the last quarter. White Wing Wealth Management boosted its holdings in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after purchasing an additional 47 shares during the last quarter. MBM Wealth Consultants LLC grew its stake in Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after purchasing an additional 48 shares in the last quarter. Semus Wealth Partners LLC raised its position in shares of Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after purchasing an additional 49 shares in the last quarter. Finally, GGM Financials LLC raised its position in shares of Amazon.com by 2.1% in the 4th quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock valued at $540,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Royal Bank of Canada increased their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. DA Davidson lifted their price target on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Wells Fargo & Company cut their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Finally, Morgan Stanley lifted their target price on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Price Performance

NASDAQ AMZN opened at $201.13 on Thursday. The stock’s 50-day moving average price is $217.91 and its two-hundred day moving average price is $208.80. The company has a market cap of $2.13 trillion, a PE ratio of 36.37, a PEG ratio of 1.50 and a beta of 1.19. 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 1 year low of $151.61 and a 1 year high of $242.52.

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

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This trade 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 quarter. Company 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.