Rice Partnership LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,017 shares of the e-commerce giant’s stock after selling 243 shares during the period. Amazon.com comprises about 4.1% of Rice Partnership LLC’s holdings, making the stock its 5th biggest position. Rice Partnership LLC’s holdings in Amazon.com were worth $4,531,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Vanguard Group Inc increased its stake in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc now owns 29,599,653 shares of the e-commerce giant’s stock worth $59,288,105,000 after purchasing an additional 516,913 shares in the last quarter. Morgan Stanley increased its stake in shares of Amazon.com by 2.4% in the third quarter. Morgan Stanley now owns 4,751,157 shares of the e-commerce giant’s stock worth $9,516,567,000 after purchasing an additional 113,503 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Amazon.com by 700,301.9% in the third quarter. Bank of New York Mellon Corp now owns 3,999,295 shares of the e-commerce giant’s stock worth $8,010,587,000 after purchasing an additional 3,998,724 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Amazon.com by 1.1% in the third quarter. Legal & General Group Plc now owns 1,642,555 shares of the e-commerce giant’s stock worth $3,290,040,000 after purchasing an additional 18,497 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Amazon.com by 0.4% in the third quarter. Fisher Asset Management LLC now owns 1,569,103 shares of the e-commerce giant’s stock worth $3,142,915,000 after purchasing an additional 6,027 shares in the last quarter. Institutional investors and hedge funds own 56.11% of the company’s stock.

Shares of AMZN opened at $1,861.69 on Monday. The company has a market capitalization of $916.05 billion, a PE ratio of 92.44, a price-to-earnings-growth ratio of 2.24 and a beta of 1.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.55 by $0.49. The firm had revenue of $72.38 billion during the quarter, compared to analyst estimates of $71.73 billion. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. During the same period in the previous year, the business posted $2.16 EPS. Equities research analysts expect that Amazon.com, Inc. will post 26.64 earnings per share for the current year.

In related news, SVP Jeffrey M. Blackburn sold 2,055 shares of Amazon.com stock in a transaction on Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the transaction, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at $75,314,978.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Patricia Q. Stonesifer sold 1,375 shares of Amazon.com stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the completion of the transaction, the director now directly owns 7,861 shares in the company, valued at $12,593,322. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,075 shares of company stock valued at $11,802,708. Company insiders own 16.30% of the company’s stock.

Several equities analysts have recently weighed in on AMZN shares. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,811.00 target price for the company in a research note on Tuesday, January 15th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, January 9th. Bank of America reiterated a “buy” rating and issued a $2,100.00 target price (up previously from $2,000.00) on shares of Amazon.com in a research note on Wednesday, January 9th. Pivotal Research started coverage on shares of Amazon.com in a research note on Monday, January 7th. They issued a “buy” rating and a $1,920.00 target price for the company. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, January 7th. Four research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $2,139.02.

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Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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