Fifth Third Wealth Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 209,065 shares of the e-commerce giant's stock after buying an additional 16,813 shares during the quarter. Amazon.com comprises about 2.5% 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 $45,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock valued at $72,921,080,000 after buying an additional 38,949,065 shares during the period. Parnassus Investments LLC increased its stake in Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares during the period. State Street Corp increased its stake in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its position in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in shares of Amazon.com by 13,606.7% in the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock valued at $759,971,000 after purchasing an additional 3,903,889 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company's stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. 10.80% of the stock is currently owned by company insiders.

A number of research firms have issued reports on AMZN. TD Cowen increased their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Telsey Advisory Group increased their price objective on Amazon.com from $215.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Wolfe Research lifted their target price on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Robert W. Baird upped their price target on Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Finally, Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $249.02.

Check Out Our Latest Analysis on Amazon.com

Shares of Amazon.com stock opened at $234.85 on Monday. The company has a market cap of $2.47 trillion, a P/E ratio of 50.29, a PEG ratio of 1.31 and a beta of 1.14. The firm has a fifty day moving average of $220.27 and a two-hundred day moving average of $197.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $236.40.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The firm's revenue was up 11.0% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

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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.

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