Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,008,513 shares of the e-commerce giant’s stock after selling 27,586 shares during the period. Amazon.com accounts for approximately 3.6% of Amalgamated Bank’s investment portfolio, making the stock its 4th biggest position. Amalgamated Bank’s holdings in Amazon.com were worth $440,648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. FourThought Financial Partners LLC raised its stake in Amazon.com by 1.4% in the fourth quarter. FourThought Financial Partners LLC now owns 79,400 shares of the e-commerce giant’s stock valued at $17,420,000 after buying an additional 1,124 shares during the period. Twin Peaks Wealth Advisors LLC raised its stake in Amazon.com by 6.5% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 30,754 shares of the e-commerce giant’s stock valued at $6,747,000 after acquiring an additional 1,880 shares during the period. Horizon Advisory Services Inc. lifted its holdings in Amazon.com by 6.0% during the 4th quarter. Horizon Advisory Services Inc. now owns 2,120 shares of the e-commerce giant’s stock valued at $465,000 after purchasing an additional 120 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Amazon.com by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock valued at $14,719,407,000 after purchasing an additional 545,292 shares during the last quarter. Finally, EdgeRock Capital LLC raised its position in shares of Amazon.com by 1.3% in the fourth quarter. EdgeRock Capital LLC now owns 11,027 shares of the e-commerce giant’s stock valued at $2,419,000 after purchasing an additional 137 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. Barclays upped their price target 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. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Citigroup reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Oppenheimer boosted their price target on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Benchmark upped their target price on Amazon.com from $215.00 to $265.00 and gave the company 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $201.36 on Friday. 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 fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a 50 day simple moving average of $217.53 and a two-hundred day simple moving average of $208.75. The company has a market capitalization of $2.13 trillion, a PE ratio of 36.41, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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%. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com 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.