Mitchell Sinkler & Starr PA Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mitchell Sinkler & Starr PA lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 32,806 shares of the e-commerce giant's stock after selling 3,550 shares during the period. Amazon.com makes up approximately 1.9% of Mitchell Sinkler & Starr PA's investment portfolio, making the stock its 19th largest position. Mitchell Sinkler & Starr PA's holdings in Amazon.com were worth $7,197,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB lifted its position in shares of Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after purchasing an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC acquired a new stake in Amazon.com during the 3rd quarter worth approximately $279,000. Howard Capital Management Group LLC boosted its position in Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after buying an additional 897 shares during the period. Principal Financial Group Inc. grew its stake in shares of Amazon.com by 5.1% in the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock worth $3,757,589,000 after acquiring an additional 984,570 shares in the last quarter. Finally, Whalen Wealth Management Inc. increased its position in shares of Amazon.com by 10.0% during the third quarter. Whalen Wealth Management Inc. now owns 22,296 shares of the e-commerce giant's stock worth $4,154,000 after acquiring an additional 2,022 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company'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 sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company's stock, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. Morgan Stanley lowered their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus cut their target price on shares of Amazon.com from $275.00 to $248.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wolfe Research increased their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada lifted their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $246.50.

Amazon.com Price Performance

Shares of AMZN traded up $5.78 during trading hours on Thursday, reaching $190.20. 71,774,152 shares of the company traded hands, compared to its average volume of 41,799,753. The stock has a fifty day simple moving average of $191.39 and a 200 day simple moving average of $207.74. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.02 trillion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.