Factory Mutual Insurance Co. Has $255.33 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Factory Mutual Insurance Co. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,342,024 shares of the e-commerce giant's stock after selling 72,000 shares during the period. Amazon.com comprises 3.0% of Factory Mutual Insurance Co.'s investment portfolio, making the stock its 7th biggest position. Factory Mutual Insurance Co.'s holdings in Amazon.com were worth $255,333,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tallon Kerry Patrick acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $800,000. Capital & Planning LLC increased its position in Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after buying an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC lifted its position in shares of Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after acquiring an additional 860 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Amazon.com during the fourth quarter valued at $301,650,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 3,100,000 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $221.42, for a total value of $686,402,000.00. Following the completion of the sale, the insider owned 905,679,901 shares of the company's stock, valued at approximately $200,535,643,679.42. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,424,463 shares of company stock worth $756,747,557 over the last ninety days. Insiders own 10.80% of the company's stock.

Amazon.com Stock Down 0.2%

AMZN traded down $0.54 on Wednesday, reaching $219.92. The company's stock had a trading volume of 30,814,701 shares, compared to its average volume of 42,036,639. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business's 50 day moving average is $204.25 and its 200 day moving average is $208.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market cap of $2.33 trillion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMZN shares. Citigroup restated a "buy" rating on shares of Amazon.com in a report on Monday, June 2nd. Tigress Financial upped their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Oppenheimer boosted their price target on Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Barclays decreased their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.23.

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.