Nicolet Bankshares Inc. Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Nicolet Bankshares Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 36,240 shares of the e-commerce giant’s stock after acquiring an additional 2,174 shares during the quarter. Amazon.com accounts for approximately 1.9% of Nicolet Bankshares Inc.’s portfolio, making the stock its 10th largest position. Nicolet Bankshares Inc.’s holdings in Amazon.com were worth $7,951,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake 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 worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. State Street Corp grew its position in shares of 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 buying an additional 11,370,309 shares during the period. FMR LLC increased its stake in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Finally, Norges Bank bought a new position in Amazon.com during the 4th quarter worth approximately $27,266,582,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN opened at $193.06 on Friday. The company’s 50-day moving average is $188.50 and its 200-day moving average is $207.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market capitalization of $2.05 trillion, a PE ratio of 34.91, 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.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of Amazon.com 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 completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 107,298 shares of company stock worth $23,818,478 in the last ninety days. 9.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Westpark Capital reiterated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Raymond James reiterated an “outperform” rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Rosenblatt Securities raised their price target on Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, UBS Group reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

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.