Highlights
- Middleton & Co. Inc. MA reduces its investment in Amazon.com, keeping it as the second largest holding.
- Institutional investors account for 72.20% of Amazon's stock ownership.
- Significant insider trading activities include the sale of shares by top executives.
Detailed Overview
Institutional investor Middleton & Co. Inc. MA has recently adjusted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by trimming 1.3% of its shares in the fourth quarter. This resulted in the fund holding 264,323 shares, which constitute 6.4% of the firm's total portfolio and is valued at approximately $57,990,000. Despite the reduction, Amazon remains the company's second largest holding.
The shift at Middleton & Co. is reflective of broader movements among institutional investors, who collectively own 72.20% of Amazon's stock. Several other firms also modified their positions in Amazon during the same period. For instance, Accordant Advisory Group Inc significantly increased its holdings by 400%, while Icon Wealth Advisors LLC and Quattro Financial Advisors LLC respectively boosted their stakes by 20.5% and 23.8%.
Insider trading activities have also been notable, with key members of Amazon's executive team engaging in substantial transactions. Vice President Shelley Reynolds and Senior Vice President David Zapolsky sold sizeable portions of their Amazon shares, with the latter's sale marking a 27.78% reduction in holdings. These transactions were made at average prices of $222.47 and $217.50 per share, highlighting the stock's market performance during the period.
Market Performance and Analyst Insights
On a market level, Amazon's stocks opened at $192.17 on a recent Wednesday, amid a fiscal environment detailed by a market cap of $2.04 trillion and a price-to-earnings ratio of 34.75. The stock's price movement reveals a 52-week range between $151.61 and $242.52, complemented by critical financial ratios that underscore its operational efficiency.