Amazon.com, Inc. (NASDAQ:AMZN) is Fifth Third Bancorp's 5th Largest Position

Fifth Third Bancorp boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,850,838 shares of the e-commerce giant's stock after purchasing an additional 99,649 shares during the quarter. Amazon.com comprises about 2.8% of Fifth Third Bancorp's portfolio, making the stock its 5th biggest position. Fifth Third Bancorp's holdings in Amazon.com were worth $732,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in 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 in the last quarter. FMR LLC lifted its position in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after buying an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amazon.com by 2.3% in the 4th 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 in the last quarter. Finally, Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter worth approximately $27,266,582,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 6,843 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.77, for a total transaction of $1,373,869.11. Following the transaction, the chief executive officer directly owned 519,550 shares in the company, valued at approximately $104,310,053.50. The trade was a 1.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,037 shares of company stock worth $20,531,075. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded down $3.91 during trading on Monday, reaching $219.39. 58,777,531 shares of the company's stock traded hands, compared to its average volume of 42,089,294. 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, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a 50-day simple moving average of $203.30 and a 200-day simple moving average of $208.67. The firm has a market cap of $2.33 trillion, a PE ratio of 35.73, a P/E/G ratio of 1.68 and a beta of 1.34.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on AMZN. Citizens Jmp decreased their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Citigroup reiterated a "buy" rating on shares of Amazon.com in a report on Monday, June 2nd. Wedbush reissued an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Evercore ISI reduced their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Morgan Stanley lowered their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.