Confluence Wealth Services Inc. Has $5.48 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Confluence Wealth Services Inc. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,256 shares of the e-commerce giant’s stock after selling 261 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Amazon.com were worth $5,475,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its holdings 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 worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the period. Parnassus Investments LLC lifted its position in Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after acquiring an additional 11,391,479 shares in the last quarter. State Street Corp lifted its position in Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after acquiring 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 worth $37,116,341,000 after buying an additional 6,545,944 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $492,144,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

AMZN opened at $212.32 on Friday. 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 debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a fifty day moving average of $226.44 and a 200 day moving average of $205.85. The stock has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 38.39, 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, 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%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred 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 transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,149 shares of company stock valued at $24,606,905. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMZN shares. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Barclays boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Jefferies Financial Group boosted their price objective 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. Mizuho boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Oppenheimer upped their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Two equities research 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $260.65.

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.