Rice Partnership LLC Reduces Position in Amazon.com, Inc. (AMZN)
Rice Partnership LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,017 shares of the e-commerce giant’s stock after selling 243 shares during the period. Amazon.com comprises about 4.1% of Rice Partnership LLC’s holdings, making the stock its 5th biggest position. Rice Partnership LLC’s holdings in Amazon.com were worth $4,531,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Vanguard Group Inc increased its stake in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc now owns 29,599,653 shares of the e-commerce giant’s stock worth $59,288,105,000 after purchasing an additional 516,913 shares in the last quarter. Morgan Stanley increased its stake in shares of Amazon.com by 2.4% in the third quarter. Morgan Stanley now owns 4,751,157 shares of the e-commerce giant’s stock worth $9,516,567,000 after purchasing an additional 113,503 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Amazon.com by 700,301.9% in the third quarter. Bank of New York Mellon Corp now owns 3,999,295 shares of the e-commerce giant’s stock worth $8,010,587,000 after purchasing an additional 3,998,724 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Amazon.com by 1.1% in the third quarter. Legal & General Group Plc now owns 1,642,555 shares of the e-commerce giant’s stock worth $3,290,040,000 after purchasing an additional 18,497 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Amazon.com by 0.4% in the third quarter. Fisher Asset Management LLC now owns 1,569,103 shares of the e-commerce giant’s stock worth $3,142,915,000 after purchasing an additional 6,027 shares in the last quarter. Institutional investors and hedge funds own 56.11% of the company’s stock.
Shares of AMZN opened at $1,861.69 on Monday. The company has a market capitalization of $916.05 billion, a PE ratio of 92.44, a price-to-earnings-growth ratio of 2.24 and a beta of 1.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50.
In related news, SVP Jeffrey M. Blackburn sold 2,055 shares of Amazon.com stock in a transaction on Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the transaction, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at $75,314,978.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Patricia Q. Stonesifer sold 1,375 shares of Amazon.com stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the completion of the transaction, the director now directly owns 7,861 shares in the company, valued at $12,593,322. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,075 shares of company stock valued at $11,802,708. Company insiders own 16.30% of the company’s stock.
Several equities analysts have recently weighed in on AMZN shares. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,811.00 target price for the company in a research note on Tuesday, January 15th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, January 9th. Bank of America reiterated a “buy” rating and issued a $2,100.00 target price (up previously from $2,000.00) on shares of Amazon.com in a research note on Wednesday, January 9th. Pivotal Research started coverage on shares of Amazon.com in a research note on Monday, January 7th. They issued a “buy” rating and a $1,920.00 target price for the company. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, January 7th. Four research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $2,139.02.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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