Amazon.com, Inc. (NASDAQ:AMZN) is Nicollet Investment Management Inc.’s 3rd Largest Position

Nicollet Investment Management Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 112,881 shares of the e-commerce giant’s stock after selling 9,617 shares during the quarter. Amazon.com comprises 5.5% of Nicollet Investment Management Inc.’s holdings, making the stock its 3rd largest position. Nicollet Investment Management Inc.’s holdings in Amazon.com were worth $9,482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kavar Capital Partners Group LLC increased its holdings in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd grew its holdings in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares during the period. Ironwood Wealth Management LLC. grew its holdings in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares during the period. Markel Corp grew its holdings in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC grew its holdings in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the sale, the chief executive officer now owns 1,964,506 shares in the company, valued at $194,780,769.90. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $104.34, for a total value of $54,256.80. Following the completion of the sale, the chief executive officer now owns 135,760 shares in the company, valued at $14,165,198.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the sale, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The disclosure for this sale can be found here. Insiders sold 74,133 shares of company stock valued at $7,233,467 over the last three months. 12.30% of the stock is owned by corporate insiders.

Amazon.com Price Performance

AMZN stock opened at $110.26 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.13 trillion, a PE ratio of 262.52, a P/E/G ratio of 3.73 and a beta of 1.26. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The business’s fifty day moving average price is $101.42 and its 200 day moving average price is $96.88.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 1.54 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wolfe Research raised their target price on Amazon.com from $130.00 to $140.00 in a report on Friday, April 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 target price on shares of Amazon.com in a report on Thursday, April 20th. Moffett Nathanson dropped their target price on Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a report on Monday, April 24th. Wells Fargo & Company dropped their target price on Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Finally, Credit Suisse Group cut their price objective on Amazon.com from $150.00 to $140.00 in a research report on Tuesday, April 25th. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $143.12.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.