Nicollet Investment Management Inc. Has $22.63 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Nicollet Investment Management Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,130 shares of the e-commerce giant's stock after selling 1,822 shares during the quarter. Amazon.com makes up about 7.8% of Nicollet Investment Management Inc.'s investment portfolio, making the stock its largest holding. Nicollet Investment Management Inc.'s holdings in Amazon.com were worth $22,626,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the period. State Street Corp lifted its position in Amazon.com by 3.3% in the 3rd 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 during the last quarter. Geode Capital Management LLC boosted its stake in Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the period. Norges Bank bought a new position in Amazon.com in the 4th quarter worth about $27,266,582,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Amazon.com by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock valued at $14,719,407,000 after purchasing an additional 545,292 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMZN shares. Rosenblatt Securities increased their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Wedbush reaffirmed an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a report on Friday. Oppenheimer decreased their target price on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Wolfe Research upped 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. Three investment 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 stock presently has an average rating of "Moderate Buy" and an average target price of $243.55.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 in the last three months. Insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded down $0.22 on Friday, hitting $189.98. The stock had a trading volume of 77,794,995 shares, compared to its average volume of 41,684,289. The firm's 50 day moving average price is $190.48 and its 200-day moving average price is $207.77. 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 twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com 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.