Amazon.com, Inc. (NASDAQ:AMZN) is Cambridge Investment Research Advisors Inc.’s 8th Largest Position

Cambridge Investment Research Advisors Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,266,109 shares of the e-commerce giant’s stock after selling 36,836 shares during the period. Amazon.com comprises about 1.0% of Cambridge Investment Research Advisors Inc.’s investment portfolio, making the stock its 8th biggest holding. Cambridge Investment Research Advisors Inc.’s holdings in Amazon.com were worth $190,353,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after buying an additional 12,456,995 shares during the period. State Street Corp lifted its position in shares of Amazon.com by 1.0% in the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC lifted its position in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the period. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Truist Financial raised their target price on shares of Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. DA Davidson raised their target price on shares of Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Evercore ISI dropped their target price on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Monday, April 3rd. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Amazon.com in a research report on Thursday, April 20th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.12.

Amazon.com Stock Performance

AMZN opened at $114.99 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.18 trillion, a price-to-earnings ratio of 273.79, a PEG ratio of 4.04 and a beta of 1.26. The company’s 50 day moving average is $104.48 and its 200 day moving average is $97.42. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now owns 137,300 shares in the company, valued at approximately $13,959,291. The disclosure for this sale can be found here. Insiders have sold 75,144 shares of company stock valued at $8,405,887 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.