Ameritas Advisory Services LLC Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Ameritas Advisory Services LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,945 shares of the e-commerce giant's stock after selling 15,967 shares during the period. Amazon.com accounts for approximately 0.9% of Ameritas Advisory Services LLC's holdings, making the stock its 21st biggest holding. Ameritas Advisory Services LLC's holdings in Amazon.com were worth $21,199,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC raised its position in Amazon.com by 0.7% in the 1st quarter. New Wave Wealth Advisors LLC now owns 21,484 shares of the e-commerce giant's stock worth $4,087,000 after purchasing an additional 158 shares during the period. Amalgamated Bank raised its position in Amazon.com by 2.5% in the 1st quarter. Amalgamated Bank now owns 2,057,992 shares of the e-commerce giant's stock worth $391,554,000 after purchasing an additional 49,479 shares during the period. Verity Asset Management Inc. raised its position in Amazon.com by 73.4% in the 1st quarter. Verity Asset Management Inc. now owns 16,468 shares of the e-commerce giant's stock worth $3,133,000 after purchasing an additional 6,972 shares during the period. Buttonwood Financial Advisors Inc. increased its position in shares of Amazon.com by 0.5% during the first quarter. Buttonwood Financial Advisors Inc. now owns 23,403 shares of the e-commerce giant's stock worth $4,453,000 after acquiring an additional 113 shares during the period. Finally, Waterfront Wealth Inc. increased its position in shares of Amazon.com by 4.3% during the first quarter. Waterfront Wealth Inc. now owns 16,208 shares of the e-commerce giant's stock worth $3,084,000 after acquiring an additional 674 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 25,102,037 shares of company stock worth $5,674,871,223 in the last ninety days. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup raised their target price on shares of Amazon.com from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Morgan Stanley lifted their price objective on shares of Amazon.com from $250.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Tigress Financial lifted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $254.33.

Amazon.com Trading Down 0.3%

Shares of NASDAQ AMZN traded down $0.79 during midday trading on Friday, reaching $231.44. 28,649,591 shares of the stock were exchanged, compared to its average volume of 40,402,120. The company has a market capitalization of $2.46 trillion, a P/E ratio of 37.69, a P/E/G ratio of 1.72 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $215.66 and a 200-day moving average price of $208.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 10.14% and a return on equity of 24.14%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.