Nan Shan Life Insurance Co. Ltd. Decreases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Nan Shan Life Insurance Co. Ltd. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 51.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 257,737 shares of the e-commerce giant's stock after selling 276,012 shares during the period. Amazon.com comprises approximately 1.4% of Nan Shan Life Insurance Co. Ltd.'s holdings, making the stock its 19th largest position. Nan Shan Life Insurance Co. Ltd.'s holdings in Amazon.com were worth $56,545,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter worth $25,000. Accordant Advisory Group Inc boosted its holdings in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the fourth quarter worth about $35,000. Finally, Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,018,625 in the last three months. 9.70% of the stock is owned by insiders.

Amazon.com Stock Down 0.9%

Shares of NASDAQ AMZN traded down $1.77 during midday trading on Friday, reaching $203.93. 51,641,602 shares of the company's stock traded hands, compared to its average volume of 42,038,174. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.50 and a beta of 1.30. The stock's 50 day simple moving average is $190.60 and its 200-day simple moving average is $208.70. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. Amazon.com's revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on AMZN. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Stifel Nicolaus lowered their price objective on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Finally, Evercore ISI lowered their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

About Amazon.com

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.