US Bancorp DE Has $1.27 Billion Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

US Bancorp DE raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,774,653 shares of the e-commerce giant's stock after purchasing an additional 20,390 shares during the period. Amazon.com accounts for approximately 1.7% of US Bancorp DE's portfolio, making the stock its 11th biggest holding. US Bancorp DE owned approximately 0.05% of Amazon.com worth $1,266,901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its holdings in Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares during the period. Parnassus Investments LLC lifted its holdings in Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock worth $2,125,148,000 after buying an additional 11,391,479 shares during the last quarter. State Street Corp boosted its holdings in Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in Amazon.com by 23,742.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant's stock worth $1,119,463,000 after buying an additional 5,081,217 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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Amazon.com Stock Down 7.2 %

Shares of NASDAQ:AMZN traded down $14.15 during mid-day trading on Thursday, reaching $181.86. 61,703,463 shares of the stock were exchanged, compared to its average volume of 40,151,208. The stock's 50 day simple moving average is $214.60 and its 200-day simple moving average is $209.22. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $1.93 trillion, a P/E ratio of 32.89, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,298 shares of company stock worth $22,871,828. Insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMZN. UBS Group increased their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Jefferies Financial Group lowered their target price on Amazon.com from $275.00 to $250.00 and set a "buy" rating on the stock in a report on Monday. DA Davidson boosted their price target on Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, HSBC boosted their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.53.

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.