Fifth Third Wealth Advisors LLC Acquires 14,851 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Fifth Third Wealth Advisors LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,289 shares of the e-commerce giant’s stock after buying an additional 14,851 shares during the period. Amazon.com comprises 2.1% of Fifth Third Wealth Advisors LLC’s holdings, making the stock its 10th largest position. Fifth Third Wealth Advisors LLC’s holdings in Amazon.com were worth $13,581,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new position in Amazon.com during the fourth quarter worth $17,700,551,000. Vanguard Group Inc. grew its position in shares of Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its stake in shares of Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares during the last quarter. FMR LLC lifted its stake in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the last quarter. Finally, Global Assets Advisory LLC grew its holdings in Amazon.com by 30,350.2% during the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock worth $1,178,164,000 after purchasing an additional 6,510,119 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.4 %

Shares of NASDAQ AMZN opened at $200.00 on Wednesday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $200.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The firm has a market cap of $2.08 trillion, a PE ratio of 56.02, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The company has a 50 day simple moving average of $184.27 and a 200 day simple moving average of $173.63.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMZN. Oppenheimer raised their price objective on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Robert W. Baird lifted their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Barclays increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Truist Financial lifted their target price on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Telsey Advisory Group raised their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average price target of $215.86.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the transaction, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the transaction, the chief executive officer now owns 2,025,358 shares in the company, valued at $367,480,955.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders sold a total of 66,548 shares of company stock worth $12,180,239 over the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com Company 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.