Manning & Napier Advisors LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 27.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,201,192 shares of the e-commerce giant's stock after selling 454,379 shares during the quarter. Amazon.com comprises 2.8% of Manning & Napier Advisors LLC's portfolio, making the stock its 4th largest position. Manning & Napier Advisors LLC's holdings in Amazon.com were worth $228,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Norges Bank bought a new position in Amazon.com in the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares during the last quarter. Capital World Investors boosted its stake in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. boosted its stake in 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 during the last quarter. Finally, Proficio Capital Partners LLC boosted 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 valued at $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president owned 47,030 shares in the company, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. The trade was a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,886,613 shares of company stock worth $1,531,840,610 in the last 90 days. Corporate insiders own 9.70% of the company's stock.

AMZN has been the topic of a number of recent analyst reports. Mizuho reduced their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Tigress Financial lifted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group reduced their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. DA Davidson reduced their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.42.

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Shares of AMZN opened at $225.02 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a market cap of $2.39 trillion, a P/E ratio of 36.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The firm's 50-day simple moving average is $209.90 and its 200 day simple moving average is $208.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the business earned $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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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.

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