Amazon.com, Inc. (NASDAQ:AMZN) is Ameriprise Financial Inc.'s 4th Largest Position

Ameriprise Financial Inc. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,436,738 shares of the e-commerce giant's stock after selling 2,152,827 shares during the quarter. Amazon.com accounts for about 2.3% of Ameriprise Financial Inc.'s holdings, making the stock its 4th biggest position. Ameriprise Financial Inc. owned approximately 0.38% of Amazon.com worth $8,870,830,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Alta Fox Capital Management LLC grew its holdings in shares of Amazon.com by 99.9% during the fourth quarter. Alta Fox Capital Management LLC now owns 103,652 shares of the e-commerce giant's stock valued at $22,740,000 after buying an additional 51,800 shares during the last quarter. Alphadyne Asset Management LP acquired a new position in shares of Amazon.com during the fourth quarter valued at about $10,699,000. Alteri Wealth LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $5,571,000. AmeriServ Wealth Advisors acquired a new position in shares of Amazon.com during the fourth quarter valued at about $618,000. Finally, Anatole Investment Management Ltd boosted its holdings in Amazon.com by 6,040.9% during the fourth quarter. Anatole Investment Management Ltd now owns 245,020 shares of the e-commerce giant's stock worth $53,755,000 after purchasing an additional 241,030 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on AMZN shares. Stifel Nicolaus cut their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. UBS Group restated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Wells Fargo & Company cut their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Wall Street Zen cut shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Wedbush restated an "outperform" rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,749 shares of company stock valued at $24,197,235. Corporate insiders own 9.70% of the company's stock.

Amazon.com Price Performance

NASDAQ:AMZN traded down $2.11 during mid-day trading on Friday, hitting $200.99. 33,340,050 shares of the stock traded hands, compared to its average volume of 41,962,799. The business's 50-day moving average price is $190.05 and its 200 day moving average price is $208.80. The company has a market cap of $2.13 trillion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.