Consolidated Portfolio Review Corp Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Consolidated Portfolio Review Corp grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,531 shares of the e-commerce giant's stock after purchasing an additional 4,592 shares during the quarter. Amazon.com comprises about 0.9% of Consolidated Portfolio Review Corp's portfolio, making the stock its 21st biggest holding. Consolidated Portfolio Review Corp's holdings in Amazon.com were worth $5,428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AMZN. Norges Bank acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $27,266,582,000. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors grew its holdings in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. grew its holdings in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after buying an additional 12,018,120 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Down 1.5%

Shares of AMZN traded down $3.42 during mid-day trading on Wednesday, reaching $222.93. 14,861,291 shares of the company were exchanged, compared to its average volume of 41,992,631. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $2.37 trillion, a PE ratio of 36.30, a PEG ratio of 1.69 and a beta of 1.33. The business has a 50 day simple moving average of $211.52 and a two-hundred day simple moving average of $208.50.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (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 the consensus estimate of $154.96 billion. During the same period last year, the company earned $0.98 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,442,187 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $225.89, for a total transaction of $551,665,621.43. Following the completion of the sale, the insider owned 895,279,901 shares of the company's stock, valued at $202,234,776,836.89. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm'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 value of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares of the company's stock, valued at $113,231,873. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,602,037 shares of company stock valued at $3,044,172,641 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Citizens Jmp assumed coverage on Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating on the stock. Finally, Barclays decreased their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $249.83.

About Amazon.com

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.