Amazon.com, Inc. (NASDAQ:AMZN) Position Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 19.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,072,241 shares of the e-commerce giant’s stock after selling 987,022 shares during the period. Amazon.com accounts for 3.6% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Los Angeles Capital Management LLC’s holdings in Amazon.com were worth $893,409,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc grew its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the period. Icon Wealth Advisors LLC boosted its holdings in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the last quarter. Bull Oak Capital LLC acquired a new position in Amazon.com in the third quarter valued at $45,000. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the period. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com during the fourth quarter worth about $51,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.1 %

NASDAQ:AMZN opened at $201.36 on Friday. The company has a market cap of $2.13 trillion, a PE ratio of 36.41, a PEG ratio of 1.50 and a beta of 1.19. The stock has a 50-day simple moving average of $217.53 and a 200 day simple moving average of $208.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week 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 earnings per share (EPS) for the quarter, beating 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, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $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 102,298 shares of company stock valued at $22,871,828 in the last quarter. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMZN shares. Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Rosenblatt Securities lifted their price target on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wolfe Research boosted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Barclays raised their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Benchmark upped their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $260.65.

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.