Mainstream Capital Management LLC Sells 240 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mainstream Capital Management LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,062 shares of the e-commerce giant’s stock after selling 240 shares during the quarter. Amazon.com comprises 5.1% of Mainstream Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Mainstream Capital Management LLC’s holdings in Amazon.com were worth $7,253,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its holdings in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Amazon.com by 0.8% during the 4th 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 acquiring an additional 545,292 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Amazon.com by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,638,207 shares of the e-commerce giant’s stock worth $13,084,026,000 after acquiring an additional 2,330,113 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Amazon.com by 3.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock worth $10,776,201,000 after acquiring an additional 1,984,592 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction 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 approximately $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the 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 completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 4.2 %

Shares of NASDAQ AMZN opened at $171.00 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company’s 50 day moving average price is $212.18 and its 200-day moving average price is $208.91. The company has a market capitalization of $1.81 trillion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. 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 (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on AMZN. Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Royal Bank of Canada upped their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Morgan Stanley raised their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Tigress Financial upped their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.53.

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.