Renaissance Group LLC Sells 10,401 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Renaissance Group LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 197,640 shares of the e-commerce giant's stock after selling 10,401 shares during the quarter. Amazon.com makes up 1.8% of Renaissance Group LLC's holdings, making the stock its 3rd largest holding. Renaissance Group LLC's holdings in Amazon.com were worth $43,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in Amazon.com during the 4th quarter valued at $27,266,582,000. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 2.2% in 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 in the last quarter. Proficio Capital Partners LLC lifted its stake in Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after acquiring an additional 12,018,120 shares during the period. State Street Corp grew its holdings in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares in the last quarter. Finally, Geode Capital Management LLC increased its position 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. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. Mizuho dropped their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Bank of America lowered their target price on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Evercore ISI cut their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group decreased their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Trading Up 2.0 %

NASDAQ:AMZN traded up $3.70 on Wednesday, hitting $188.71. 43,929,015 shares of the stock were exchanged, compared to its average volume of 41,686,621. The stock has a market cap of $2.00 trillion, a PE ratio of 34.12, a PEG ratio of 1.50 and a beta of 1.30. 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 stock has a fifty day moving average of $189.45 and a 200-day moving average of $207.88.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly 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 net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the firm posted $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 107,298 shares of company stock valued at $23,818,478. Company insiders own 9.70% 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.