Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lessened by American Century Companies Inc.

American Century Companies Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,751,370 shares of the e-commerce giant's stock after selling 135,002 shares during the period. Amazon.com comprises approximately 3.5% of American Century Companies Inc.'s investment portfolio, making the stock its 4th biggest holding. American Century Companies Inc. owned approximately 0.26% of Amazon.com worth $6,088,373,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Rench Wealth Management Inc. lifted its position in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after acquiring an additional 3,703 shares during the last quarter. Blankinship & Foster LLC grew its holdings in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after acquiring an additional 4,740 shares during the period. One Wealth Capital Management LLC purchased a new stake in Amazon.com during the fourth quarter worth $4,270,000. Floyd Financial Group LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $4,494,000. Finally, Patton Albertson Miller Group LLC increased its position in shares of Amazon.com by 2.7% in the fourth quarter. Patton Albertson Miller Group LLC now owns 18,790 shares of the e-commerce giant's stock valued at $4,122,000 after buying an additional 495 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 5,501 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 1.5 %

NASDAQ:AMZN traded up $2.78 during mid-day trading on Friday, hitting $189.32. 26,330,076 shares of the stock traded hands, compared to its average volume of 41,918,191. 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 firm's 50 day moving average is $194.27 and its two-hundred day moving average is $207.70. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 34.30, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on AMZN shares. Stifel Nicolaus dropped their price target on Amazon.com from $275.00 to $248.00 and set a "buy" rating for the company in a research report on Wednesday. Maxim Group increased their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Westpark Capital assumed coverage on Amazon.com in a report on Tuesday, April 1st. They issued a "buy" rating and a $280.00 price objective on the stock. Phillip Securities cut shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Finally, Loop Capital upped their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $247.56.

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.