Fifth Third Bancorp Has $732.66 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Fifth Third Bancorp lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,850,838 shares of the e-commerce giant’s stock after acquiring an additional 99,649 shares during the quarter. Amazon.com comprises approximately 2.8% of Fifth Third Bancorp’s holdings, making the stock its 5th largest position. Fifth Third Bancorp’s holdings in Amazon.com were worth $732,660,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMZN. Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter worth about $27,266,582,000. GAMMA Investing LLC boosted its stake in shares of Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors boosted its stake in shares of Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after acquiring an additional 12,018,120 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 2.4%

NASDAQ:AMZN opened at $217.12 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.31 trillion, a P/E ratio of 35.36, a P/E/G ratio of 1.60 and a beta of 1.33. The stock’s fifty day simple moving average is $201.25 and its 200-day simple moving average is $209.02.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) 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 business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the company earned $0.98 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Tigress Financial upped their price target on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Jefferies Financial Group cut their price objective on Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Westpark Capital reissued a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, UBS Group reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $245.64.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer now directly owns 517,050 shares in the company, valued at $105,984,909. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 in the last three months. Insiders own 9.70% of the company’s stock.

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.