Amazon.com, Inc. (NASDAQ:AMZN) is Voya Investment Management LLC's 4th Largest Position

Voya Investment Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,241,387 shares of the e-commerce giant's stock after selling 9,477 shares during the quarter. Amazon.com makes up 3.0% of Voya Investment Management LLC's portfolio, making the stock its 4th largest position. Voya Investment Management LLC owned 0.13% of Amazon.com worth $2,904,308,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. raised its position in shares of Amazon.com by 5.1% during the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock worth $3,757,589,000 after acquiring an additional 984,570 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in Amazon.com by 61.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 298,678 shares of the e-commerce giant's stock worth $55,653,000 after purchasing an additional 114,043 shares during the period. Tri Ri Asset Management Corp bought a new stake in Amazon.com during the 3rd quarter worth about $9,821,000. Asset Advisors Investment Management LLC lifted its position in Amazon.com by 1.3% during the 3rd quarter. Asset Advisors Investment Management LLC now owns 116,869 shares of the e-commerce giant's stock valued at $21,776,000 after purchasing an additional 1,499 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Amazon.com by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant's stock valued at $8,843,714,000 after purchasing an additional 257,072 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN traded down $2.58 during mid-day trading on Wednesday, reaching $201.49. The company had a trading volume of 11,180,887 shares, compared to its average volume of 41,839,292. The company's 50 day simple moving average is $189.68 and its 200 day simple moving average is $208.79. The company has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 36.46, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. 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 (NASDAQ:AMZN - Get Free Report) last posted its earnings results 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. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the company earned $0.98 earnings per share. The business's quarterly revenue was up 8.6% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other news, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. The trade was a 22.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,081 shares of company stock valued at $17,421,044 in the last three months. Insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Royal Bank of Canada lowered their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus cut their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Citizens Jmp reduced their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $244.09.

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.