Frank Rimerman Advisors LLC Has $32.49 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Frank Rimerman Advisors LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 148,079 shares of the e-commerce giant's stock after selling 7,134 shares during the quarter. Amazon.com comprises about 2.4% of Frank Rimerman Advisors LLC's investment portfolio, making the stock its 10th largest position. Frank Rimerman Advisors LLC's holdings in Amazon.com were worth $32,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Rench Wealth Management Inc. boosted its position in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after buying an additional 3,703 shares in the last quarter. Blankinship & Foster LLC lifted its holdings in shares of Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after purchasing an additional 4,740 shares in the last quarter. One Wealth Capital Management LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $4,270,000. Floyd Financial Group LLC purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $4,494,000. Finally, Washington Trust Advisors Inc. raised its position in shares of Amazon.com by 0.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock worth $41,972,000 after purchasing an additional 982 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 1.0 %

Shares of AMZN stock traded down $1.82 during mid-day trading on Friday, reaching $172.51. 44,456,290 shares of the company were exchanged, compared to its average volume of 41,728,394. The company has a market capitalization of $1.83 trillion, a P/E ratio of 31.19, a P/E/G ratio of 1.50 and a beta of 1.39. The business's 50 day simple moving average is $198.44 and its 200 day simple moving average is $208.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMZN. Citizens Jmp dropped their price target on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Loop Capital boosted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Wolfe Research raised their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Oppenheimer boosted their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, Mizuho decreased their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $252.73.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's 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 of the company's stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 over the last three months. 10.80% of the stock is owned by insiders.

About Amazon.com

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.