Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by CX Institutional

CX Institutional lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,942 shares of the e-commerce giant's stock after purchasing an additional 8,137 shares during the quarter. Amazon.com accounts for about 0.8% of CX Institutional's investment portfolio, making the stock its 28th biggest holding. CX Institutional's holdings in Amazon.com were worth $22,059,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Cable Hill Partners LLC boosted its position in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after buying an additional 44 shares during the period. Quattro Financial Advisors LLC lifted its stake in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Northern Capital Management Inc. boosted its holdings in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares during the period. White Wing Wealth Management boosted its stake in shares of Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after purchasing an additional 47 shares during the period. Finally, Balanced Wealth Group LLC boosted its position in Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after buying an additional 48 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Amazon.com stock traded up $6.18 during trading hours on Friday, reaching $223.30. 119,087,933 shares of the stock were exchanged, compared to its average volume of 42,161,408. The stock has a market cap of $2.37 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.64 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 firm's 50 day moving average is $201.25 and its 200 day moving average is $209.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The firm's quarterly revenue was up 8.6% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the transaction, the chief executive officer now owns 517,050 shares of the company's stock, valued at approximately $105,984,909. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 in the last ninety days. 9.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Benchmark restated a "buy" rating and set a $260.00 price target on shares of Amazon.com 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. Stifel Nicolaus reduced 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. Piper Sandler reiterated an "overweight" rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $245.81.

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.