WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,300,000 shares of the e-commerce giant’s stock after selling 250,000 shares during the period. Amazon.com makes up approximately 8.7% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s holdings, making the stock its 2nd biggest position. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s holdings in Amazon.com were worth $723,987,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Rench Wealth Management Inc. raised its holdings in shares of Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after acquiring an additional 3,703 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after purchasing an additional 16,392 shares during the period. Blankinship & Foster LLC boosted its holdings in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after buying an additional 4,740 shares during the period. Umpqua Bank increased its stake in shares of Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after purchasing an additional 137 shares during the period. Finally, Washington Trust Advisors Inc. increased its position in Amazon.com by 0.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock worth $41,972,000 after buying an additional 982 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Moffett Nathanson lifted their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Needham & Company LLC restated a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research report on Tuesday. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. UBS Group upped their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group upped their target price on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $246.85.

Amazon.com Stock Performance

Shares of AMZN stock opened at $230.71 on Wednesday. The stock has a market capitalization of $2.43 trillion, a PE ratio of 49.40, a PEG ratio of 1.26 and a beta of 1.14. The business’s 50 day simple moving average is $218.30 and its 200 day simple moving average is $196.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by insiders.

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.