Means Investment CO. Inc. Sells 1,317 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Means Investment CO. Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 238,207 shares of the e-commerce giant’s stock after selling 1,317 shares during the quarter. Amazon.com makes up 5.4% of Means Investment CO. Inc.’s portfolio, making the stock its 5th largest position. Means Investment CO. Inc.’s holdings in Amazon.com were worth $52,260,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMZN. International Assets Investment Management LLC lifted its position in Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the period. Parnassus Investments LLC raised its stake in shares of Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after buying an additional 11,391,479 shares during the last quarter. State Street Corp raised its stake in shares of 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 during the last quarter. Geode Capital Management LLC lifted its holdings in Amazon.com by 3.4% in the third 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 buying an additional 6,545,944 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Amazon.com in the third quarter valued at approximately $492,144,000. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,149 shares of company stock valued at $24,606,905 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Up 0.0 %

Shares of AMZN stock opened at $212.80 on Wednesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a 50-day simple moving average of $227.11 and a two-hundred day simple moving average of $205.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 38.48, a PEG ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AMZN shares. Roth Mkm raised their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley boosted their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company lowered their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research note on Tuesday. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Two equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

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.