Nicollet Investment Management Inc. Has $20.34 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Nicollet Investment Management Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 105,264 shares of the e-commerce giant’s stock after selling 1,197 shares during the period. Amazon.com makes up 7.6% of Nicollet Investment Management Inc.’s holdings, making the stock its 2nd largest position. Nicollet Investment Management Inc.’s holdings in Amazon.com were worth $20,342,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares in the last quarter. Capital Research Global Investors increased its position in shares of Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares in the last quarter. Jennison Associates LLC increased its position in shares of Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after buying an additional 295,132 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Amazon.com by 7.4% in the 1st quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock valued at $7,642,732,000 after buying an additional 2,932,192 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on AMZN shares. Pivotal Research started coverage on shares of Amazon.com in a research report on Friday. They issued a “buy” rating and a $260.00 price objective for the company. Sanford C. Bernstein upped their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. TD Securities upped their target price on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research note on Friday, August 2nd. Finally, Maxim Group upped their target price on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Amazon.com Stock Up 1.2 %

Amazon.com stock opened at $188.82 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.98 trillion, a P/E ratio of 45.17, a P/E/G ratio of 1.38 and a beta of 1.14. The company’s 50-day moving average price is $179.58 and its two-hundred day moving average price is $183.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock worth $9,877,423 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.