Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Trimmed by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 870,821 shares of the e-commerce giant's stock after selling 19,312 shares during the period. Amazon.com makes up approximately 4.1% of Elo Mutual Pension Insurance Co's holdings, making the stock its 4th largest holding. Elo Mutual Pension Insurance Co's holdings in Amazon.com were worth $191,049,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Accordant Advisory Group Inc grew its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC grew its holdings in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC increased its position in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the period. Compass Planning Associates Inc bought a new position in shares of Amazon.com during the fourth quarter valued at about $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Amazon.com during the 4th quarter valued at about $54,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 over the last 90 days. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMZN. Benchmark upped their target price on Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Truist Financial reduced their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Scotiabank cut their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Oppenheimer decreased their target price on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday. Finally, Mizuho dropped their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $246.50.

Amazon.com Stock Performance

NASDAQ AMZN traded up $5.28 on Thursday, reaching $189.70. 13,902,199 shares of the stock were exchanged, compared to its average volume of 41,569,011. The firm has a market capitalization of $2.01 trillion, a PE ratio of 34.22, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company's 50-day simple moving average is $191.39 and its two-hundred day simple moving average is $207.74. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 net margin of 9.29% and a return on equity of 24.25%. Analysts expect that Amazon.com, Inc. will post 6.31 EPS 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.