Cambridge Investment Research Advisors Inc. Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cambridge Investment Research Advisors Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,311,347 shares of the e-commerce giant's stock after selling 48,442 shares during the quarter. Amazon.com makes up 1.5% of Cambridge Investment Research Advisors Inc.'s investment portfolio, making the stock its 8th largest holding. Cambridge Investment Research Advisors Inc.'s holdings in Amazon.com were worth $439,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Momentous Wealth Management Inc. purchased a new position in Amazon.com in the 4th quarter worth about $749,000. Segall Bryant & Hamill LLC grew its stake in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Bearing Point Capital LLC purchased a new position in Amazon.com during the 4th quarter valued at about $12,014,000. Evergreen Capital Management LLC grew its stake in Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after acquiring an additional 2,196,353 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AMZN shares. Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a research note on Thursday. Tigress Financial lifted their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada lowered their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, DA Davidson lowered their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $249.42.

Amazon.com Stock Performance

Shares of AMZN stock traded up $2.76 during trading hours on Friday, reaching $225.02. 50,481,094 shares of the company's stock were exchanged, compared to its average volume of 42,135,277. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 36.65, a P/E/G ratio of 1.69 and a beta of 1.33. The business has a fifty day moving average price of $209.90 and a 200-day moving average price of $208.49. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 384,124 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $224.02, for a total value of $86,051,458.48. Following the sale, the insider owned 901,995,325 shares in the company, valued at approximately $202,064,992,706.50. This represents a 0.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. Company insiders own 9.70% of the company's stock.

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.