Amazon.com, Inc. (NASDAQ:AMZN) is Commonwealth Equity Services LLC's 7th Largest Position

Commonwealth Equity Services LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,273,316 shares of the e-commerce giant's stock after buying an additional 91,953 shares during the quarter. Amazon.com accounts for 1.7% of Commonwealth Equity Services LLC's portfolio, making the stock its 7th largest position. Commonwealth Equity Services LLC owned about 0.05% of Amazon.com worth $1,156,913,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AMZN. DecisionMap Wealth Management LLC bought a new stake in Amazon.com in the 4th quarter worth about $1,607,000. PGGM Investments boosted its holdings in shares of Amazon.com by 6.3% during the 4th quarter. PGGM Investments now owns 515,189 shares of the e-commerce giant's stock valued at $113,027,000 after acquiring an additional 30,434 shares during the last quarter. Stelac Advisory Services LLC grew its stake in shares of Amazon.com by 3.8% in the fourth quarter. Stelac Advisory Services LLC now owns 5,756 shares of the e-commerce giant's stock worth $1,265,000 after acquiring an additional 212 shares during the period. Lazard Freres Gestion S.A.S. raised its holdings in shares of Amazon.com by 5.6% during the fourth quarter. Lazard Freres Gestion S.A.S. now owns 1,890,205 shares of the e-commerce giant's stock valued at $414,692,000 after purchasing an additional 100,025 shares during the last quarter. Finally, HBK Sorce Advisory LLC boosted its holdings in Amazon.com by 5.1% in the fourth quarter. HBK Sorce Advisory LLC now owns 79,404 shares of the e-commerce giant's stock worth $17,421,000 after purchasing an additional 3,882 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Loop Capital raised their target price on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. cut their price target on Amazon.com from $270.00 to $220.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Citigroup lowered their price objective on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Telsey Advisory Group restated an "outperform" rating and set a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $252.73.

Amazon.com Trading Down 1.0 %

Shares of AMZN stock traded down $1.82 on Friday, reaching $172.51. 44,456,290 shares of the company's stock were exchanged, compared to its average volume of 41,785,381. The company's fifty day simple moving average is $198.44 and its 200 day simple moving average is $207.88. The stock has a market capitalization of $1.83 trillion, a PE ratio of 31.19, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company's stock.

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.