Retirement Income Solutions Inc Has $4.19 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Retirement Income Solutions Inc lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,106 shares of the e-commerce giant’s stock after selling 255 shares during the period. Amazon.com comprises 0.8% of Retirement Income Solutions Inc’s investment portfolio, making the stock its 19th biggest position. Retirement Income Solutions Inc’s holdings in Amazon.com were worth $4,192,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB boosted its position in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares during the period. Swedbank AB boosted its position in Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after purchasing an additional 183,610 shares during the period. Naviter Wealth LLC boosted its position in Amazon.com by 4.6% during the third quarter. Naviter Wealth LLC now owns 52,149 shares of the e-commerce giant’s stock worth $9,717,000 after purchasing an additional 2,316 shares during the period. Sassicaia Capital Advisers LLC bought a new stake in Amazon.com during the third quarter worth approximately $279,000. Finally, Greater Midwest Financial Group LLC boosted its position in Amazon.com by 0.3% during the third quarter. Greater Midwest Financial Group LLC now owns 54,724 shares of the e-commerce giant’s stock worth $10,197,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMZN shares. Maxim Group upped their target price on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. DA Davidson upped their target price on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Royal Bank of Canada increased their price objective on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Two 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 497,067 shares in the company, 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. Over the last ninety days, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $197.95 on Monday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.10 trillion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. 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 business has a fifty day moving average of $221.65 and a 200-day moving average of $207.76.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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%. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.