Amazon.com, Inc. (NASDAQ:AMZN) is Fifth Third Wealth Advisors LLC's 8th Largest Position

Fifth Third Wealth Advisors LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,953 shares of the e-commerce giant's stock after buying an additional 29,888 shares during the quarter. Amazon.com makes up 2.4% of Fifth Third Wealth Advisors LLC's portfolio, making the stock its 8th biggest holding. Fifth Third Wealth Advisors LLC's holdings in Amazon.com were worth $45,463,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Tallon Kerry Patrick bought a new position in shares of Amazon.com in the fourth quarter worth about $800,000. Capital & Planning LLC boosted its stake in shares of Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after acquiring an additional 1,635 shares during the period. LaFleur & Godfrey LLC boosted its stake in shares of Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after acquiring an additional 860 shares during the period. Brighton Jones LLC boosted its stake in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares during the period. Finally, MFA Wealth Services bought a new position in shares of Amazon.com in the fourth quarter worth about $1,272,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMZN. BNP Paribas raised Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Wedbush reissued an "outperform" rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Tigress Financial increased their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $244.89.

Amazon.com Trading Down 0.5%

AMZN traded down $1.14 during trading hours on Friday, reaching $212.10. 29,295,190 shares of the company's stock traded hands, compared to its average volume of 42,112,394. The firm has a 50-day moving average price of $195.47 and a 200 day moving average price of $209.16. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.25 trillion, a PE ratio of 38.35, a PEG ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 EPS. Amazon.com's revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.