C WorldWide Group Holding A S Has $670.29 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

C WorldWide Group Holding A S decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,055,232 shares of the e-commerce giant’s stock after selling 258,234 shares during the quarter. Amazon.com comprises 8.2% of C WorldWide Group Holding A S’s holdings, making the stock its 2nd largest holding. C WorldWide Group Holding A S’s holdings in Amazon.com were worth $670,287,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. BCGM Wealth Management LLC raised its stake in shares of Amazon.com by 9.8% in the fourth quarter. BCGM Wealth Management LLC now owns 4,512 shares of the e-commerce giant’s stock worth $990,000 after purchasing an additional 401 shares during the last quarter. World Equity Group Inc. increased its stake in shares of Amazon.com by 1.0% during the 4th quarter. World Equity Group Inc. now owns 30,084 shares of the e-commerce giant’s stock worth $6,600,000 after purchasing an additional 309 shares during the last quarter. Delta Financial Group Inc. raised its holdings in shares of Amazon.com by 1.0% in the 4th quarter. Delta Financial Group Inc. now owns 21,830 shares of the e-commerce giant’s stock worth $4,789,000 after purchasing an additional 222 shares during the period. Ascent Wealth Partners LLC lifted its stake in Amazon.com by 1.6% in the fourth quarter. Ascent Wealth Partners LLC now owns 45,216 shares of the e-commerce giant’s stock valued at $9,920,000 after purchasing an additional 726 shares during the last quarter. Finally, Summit Asset Management LLC grew its holdings in Amazon.com by 88.0% during the fourth quarter. Summit Asset Management LLC now owns 37,177 shares of the e-commerce giant’s stock valued at $8,156,000 after purchasing an additional 17,400 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a research note on Friday, February 7th. The Goldman Sachs Group boosted their price objective on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Raymond James upped their target price on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Finally, Citigroup restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two 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 company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 in the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 1.2 %

Amazon.com stock opened at $205.71 on Wednesday. The stock has a market cap of $2.18 trillion, a P/E ratio of 37.20, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm’s 50 day moving average price is $218.36 and its 200-day moving average price is $208.86.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.