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

Cerity Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,225,701 shares of the e-commerce giant's stock after purchasing an additional 613,611 shares during the quarter. Amazon.com accounts for approximately 1.6% of Cerity Partners LLC's investment portfolio, making the stock its 9th largest position. Cerity Partners LLC's holdings in Amazon.com were worth $803,982,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AMZN. Vanguard Group Inc. raised its holdings 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 valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC increased its position in shares of Amazon.com by 0.5% during 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 purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD grew its position in Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after buying an additional 4,087,933 shares during the period. Finally, Norges Bank purchased a new stake in Amazon.com during the fourth quarter worth about $27,266,582,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN stock traded down $0.44 during trading on Friday, hitting $222.69. The stock had a trading volume of 32,911,537 shares, compared to its average volume of 45,060,172. The company's 50-day moving average price is $219.27 and its two-hundred day moving average price is $209.03. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 33.95, a PEG ratio of 1.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMZN shares. Canaccord Genuity Group reaffirmed a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Evercore ISI reduced their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. increased their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $262.45.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 25,102,037 shares of company stock worth $5,674,937,048 over the last quarter. 9.70% of the stock is owned by insiders.

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.