Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,612,090 shares of the e-commerce giant's stock after selling 27,130 shares during the quarter. Amazon.com accounts for approximately 1.7% of Cerity Partners LLC's investment portfolio, making the stock its 9th largest holding. Cerity Partners LLC's holdings in Amazon.com were worth $773,509,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMZN. Sierra Summit Advisors LLC raised its stake in shares of Amazon.com by 3.8% during the fourth quarter. Sierra Summit Advisors LLC now owns 77,785 shares of the e-commerce giant's stock valued at $17,065,000 after acquiring an additional 2,868 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Amazon.com by 1.4% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 15,082 shares of the e-commerce giant's stock valued at $3,309,000 after buying an additional 212 shares during the period. FMR LLC raised its holdings in shares of Amazon.com by 0.5% in the fourth 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 in the last quarter. Benchmark Investment Advisors LLC lifted its stake in Amazon.com by 0.8% in the fourth quarter. Benchmark Investment Advisors LLC now owns 17,511 shares of the e-commerce giant's stock worth $3,842,000 after acquiring an additional 147 shares during the period. Finally, Westwood Wealth Management grew its holdings in Amazon.com by 1.6% during the 4th quarter. Westwood Wealth Management now owns 35,765 shares of the e-commerce giant's stock worth $7,846,000 after acquiring an additional 578 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMZN. Jefferies Financial Group lowered their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Rosenblatt Securities upped their target price on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Royal Bank of Canada cut their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Piper Sandler restated an "overweight" rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Maxim Group lifted their target price on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock worth $23,818,478 in the last quarter. Company insiders own 9.70% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded up $3.70 during mid-day trading on Wednesday, hitting $188.71. The stock had a trading volume of 43,929,015 shares, compared to its average volume of 41,656,015. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. 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's 50 day moving average is $189.45 and its 200 day moving average is $207.88. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 34.12, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the previous year, the business posted $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.