Cantor Fitzgerald L. P. Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cantor Fitzgerald L. P. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 84.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,734 shares of the e-commerce giant's stock after purchasing an additional 18,182 shares during the period. Amazon.com makes up 0.2% of Cantor Fitzgerald L. P.'s portfolio, making the stock its 16th largest position. Cantor Fitzgerald L. P.'s holdings in Amazon.com were worth $8,717,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter worth about $25,000. Accordant Advisory Group Inc raised its holdings in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management purchased a new position in Amazon.com during the 4th quarter valued at $35,000. Finally, Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,018,625 over the last ninety days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Trading Up 1.8%

AMZN stock traded up $3.54 during mid-day trading on Tuesday, reaching $204.53. 6,249,146 shares of the stock traded hands, compared to its average volume of 41,886,415. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business has a 50-day moving average price of $190.16 and a two-hundred day moving average price of $208.75. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market capitalization of $2.17 trillion, a PE ratio of 37.06, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMZN shares. Raymond James restated an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Stifel Nicolaus dropped their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Royal Bank of Canada decreased their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Barclays lowered their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.