Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,216,340 shares of the e-commerce giant's stock after selling 700,472 shares during the period. Amazon.com accounts for 2.2% of Massachusetts Financial Services Co. MA's investment portfolio, making the stock its 4th largest holding. Massachusetts Financial Services Co. MA owned approximately 0.29% of Amazon.com worth $6,848,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rench Wealth Management Inc. grew its holdings in Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after buying an additional 3,703 shares during the period. Momentous Wealth Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC increased its stake in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after acquiring an additional 2,196,353 shares during the period. Finally, Blankinship & Foster LLC raised its position in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after purchasing an additional 4,740 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays cut their price target on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday. Wolfe Research increased their price target on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Royal Bank of Canada dropped their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday. Piper Sandler reiterated an "overweight" rating and set a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research report on Friday. Finally, Wells Fargo & Company lowered their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $243.55.

Amazon.com Stock Performance

NASDAQ AMZN traded down $0.22 on Friday, hitting $189.98. 77,794,995 shares of the company's stock traded hands, compared to its average volume of 41,684,289. The firm's 50-day moving average price is $190.48 and its two-hundred day moving average price is $207.77. The firm has a market capitalization of $2.02 trillion, a PE ratio of 34.35, a P/E/G ratio of 1.50 and a beta of 1.39. 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, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the business'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 directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock worth $23,341,803 in the last quarter. Corporate insiders own 10.80% of the company's stock.

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.