Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Acorns Advisers LLC

Acorns Advisers LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,593 shares of the e-commerce giant's stock after buying an additional 2,534 shares during the quarter. Amazon.com accounts for 0.0% of Acorns Advisers LLC's portfolio, making the stock its 26th largest position. Acorns Advisers LLC's holdings in Amazon.com were worth $4,518,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position 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 valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the period. State Street Corp increased its position in shares of 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 valued at $66,926,008,000 after buying an additional 11,370,309 shares during the period. FMR LLC increased its position in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after buying an additional 1,725,664 shares during the period. Geode Capital Management LLC increased its position in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after buying an additional 5,015,380 shares during the period. Finally, Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter valued at about $27,266,582,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMZN shares. The Goldman Sachs Group reduced their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Telsey Advisory Group restated an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Citizens Jmp cut their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, UBS Group restated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Trading Down 0.2%

AMZN traded down $0.44 on Friday, reaching $204.73. 13,807,787 shares of the company traded hands, compared to its average volume of 41,829,475. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a fifty day simple moving average of $189.15 and a two-hundred day simple moving average of $208.40. The company has a market cap of $2.17 trillion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value 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 $467,532,195.90. The trade was a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,798 shares of company stock valued at $17,696,733 in the last 90 days. 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.