Amazon.com, Inc. (NASDAQ:AMZN) is Rhumbline Advisers' 4th Largest Position

Rhumbline Advisers cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,512,133 shares of the e-commerce giant's stock after selling 158,084 shares during the quarter. Amazon.com makes up 3.4% of Rhumbline Advisers' portfolio, making the stock its 4th largest position. Rhumbline Advisers owned 0.17% of Amazon.com worth $3,841,987,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Accordant Advisory Group Inc boosted its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Icon Wealth Advisors LLC increased its stake in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. Bull Oak Capital LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at $45,000. Quattro Financial Advisors LLC lifted its stake in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new position in shares of Amazon.com in the third quarter valued at approximately $56,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 1.1 %

NASDAQ:AMZN traded down $2.21 during mid-day trading on Monday, hitting $195.74. 47,047,364 shares of the company's stock were exchanged, compared to its average volume of 38,212,310. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 35.40, a PEG ratio of 1.50 and a beta of 1.19. The company has a 50 day simple moving average of $221.65 and a 200-day simple moving average of $207.76.

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Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AMZN shares. The Goldman Sachs Group increased their target price on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Raymond James increased their price objective on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. BMO Capital Markets restated an "outperform" rating and issued a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. UBS Group raised their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Finally, Citigroup restated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $260.65.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company's stock.

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.