Amazon.com, Inc. (NASDAQ:AMZN) is Vident Advisory LLC's 4th Largest Position

Vident Advisory LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 69.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 568,073 shares of the e-commerce giant's stock after purchasing an additional 233,381 shares during the quarter. Amazon.com makes up 2.2% of Vident Advisory LLC's portfolio, making the stock its 4th largest holding. Vident Advisory LLC's holdings in Amazon.com were worth $124,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $25,000. Accordant Advisory Group Inc grew its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth approximately $35,000. Finally, Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 0.8%

Shares of Amazon.com stock traded up $1.64 during midday trading on Monday, hitting $206.65. The company's stock had a trading volume of 29,034,623 shares, compared to its average volume of 41,968,820. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 37.37, a PEG ratio of 1.50 and a beta of 1.30. The stock has a 50-day simple moving average of $190.57 and a 200-day simple moving average of $208.61. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm'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 owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of the 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 sale, the director now owns 5,465 shares of the company's stock, valued at approximately $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. Insiders sold a total of 99,537 shares of company stock valued at $20,018,625 over the last quarter. Company insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. BNP Paribas raised Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Oppenheimer decreased their price objective on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley decreased their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $244.57.

Amazon.com 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.