Amica Mutual Insurance Co. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 214,362 shares of the e-commerce giant’s stock after selling 132 shares during the period. Amazon.com makes up 2.5% of Amica Mutual Insurance Co.’s investment portfolio, making the stock its 6th largest holding. Amica Mutual Insurance Co.’s holdings in Amazon.com were worth $22,141,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Fiduciary Planning LLC grew its holdings in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after buying an additional 5 shares in the last quarter. HBC Financial Services PLLC grew its holdings in shares of Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. grew its holdings in shares of Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. grew its holdings in shares of Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners grew its holdings in shares of Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares in the last quarter. Institutional investors and hedge funds own 56.67% of the company’s stock.
Insider Transactions at Amazon.com
In related news, CEO Adam Selipsky sold 70,056 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $139.86, for a total value of $9,798,032.16. Following the completion of the sale, the chief executive officer now owns 104,864 shares of the company’s stock, valued at $14,666,279.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 70,056 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $139.86, for a total value of $9,798,032.16. Following the completion of the sale, the chief executive officer now owns 104,864 shares of the company’s stock, valued at $14,666,279.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 21,925 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the completion of the sale, the chief executive officer now directly owns 1,997,681 shares of the company’s stock, valued at $230,472,456.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,359,601 shares of company stock worth $47,219,190. Insiders own 12.30% of the company’s stock.
Amazon.com Stock Down 0.6 %
Amazon.com stock opened at $133.22 on Friday. The company has a 50-day simple moving average of $131.28 and a 200-day simple moving average of $113.79. The firm has a market capitalization of $1.37 trillion, a P/E ratio of 104.90, a P/E/G ratio of 1.85 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $143.63.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on AMZN. Robert W. Baird boosted their target price on shares of Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. BNP Paribas upgraded shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 target price for the company in a report on Friday, August 4th. Roth Mkm boosted their target price on shares of Amazon.com from $155.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $145.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.46.
Check Out Our Latest Stock Report on AMZN
About Amazon.com
(Free Report)
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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