Optas LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 40,981 shares of the e-commerce giant's stock after purchasing an additional 1,336 shares during the quarter. Amazon.com comprises approximately 1.4% of Optas LLC's holdings, making the stock its 15th largest holding. Optas LLC's holdings in Amazon.com were worth $7,797,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $27,266,582,000. GAMMA Investing LLC grew its stake in shares of Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors grew its stake in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after buying an additional 12,018,120 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Shares of AMZN opened at $220.46 on Wednesday. The company has a market capitalization of $2.34 trillion, a PE ratio of 35.91, a PEG ratio of 1.65 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock's 50-day moving average price is $204.25 and its two-hundred day moving average price is $208.75. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

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 for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the company posted $0.98 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

In related news, insider Jeffrey P. Bezos sold 224,926 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $223.56, for a total value of $50,284,456.56. Following the completion of the sale, the insider directly owned 905,454,975 shares of the company's stock, valued at $202,423,514,211. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president owned 119,780 shares of the company's stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,424,463 shares of company stock worth $756,747,557 over the last three months. Insiders own 10.80% of the company's stock.

AMZN has been the subject of several analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Raymond James Financial reissued an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Evercore ISI cut their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a research report on Friday, June 27th. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $245.81.

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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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