Prudential PLC Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Prudential PLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 750,549 shares of the e-commerce giant's stock after selling 36,537 shares during the period. Amazon.com makes up 0.8% of Prudential PLC's investment portfolio, making the stock its 11th biggest position. Prudential PLC's holdings in Amazon.com were worth $164,663,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Swedbank AB boosted its stake in shares of Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after purchasing an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC bought a new stake in Amazon.com in the third quarter worth $279,000. Howard Capital Management Group LLC boosted its position in Amazon.com by 0.3% during the third 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. boosted its position in Amazon.com by 5.1% during the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after buying an additional 984,570 shares during the period. Finally, Nwam LLC grew its stake in shares of Amazon.com by 8.4% during the third quarter. Nwam LLC now owns 161,646 shares of the e-commerce giant's stock valued at $30,119,000 after buying an additional 12,459 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMZN shares. Evercore ISI dropped their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday. Morgan Stanley dropped their price objective 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. Cantor Fitzgerald raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday. Citigroup lowered their price target on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $243.55.

Amazon.com Stock Performance

Amazon.com stock opened at $189.98 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.02 trillion, a P/E ratio of 34.35, a PEG ratio of 1.50 and a beta of 1.39. The stock's 50 day moving average is $190.48 and its 200 day moving average is $207.92.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share 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.

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