Amazon.com, Inc. (NASDAQ:AMZN) is Aviva PLC's 4th Largest Position

Aviva PLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,797,979 shares of the e-commerce giant's stock after acquiring an additional 134,391 shares during the period. Amazon.com accounts for 3.3% of Aviva PLC's portfolio, making the stock its 4th largest position. Aviva PLC owned 0.05% of Amazon.com worth $1,272,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd boosted its stake in Amazon.com by 120.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 11,389 shares of the e-commerce giant's stock valued at $2,499,000 after acquiring an additional 6,225 shares in the last quarter. Gladstone Capital Management LLP boosted its position in shares of Amazon.com by 58,465.5% in the 4th quarter. Gladstone Capital Management LLP now owns 390,046 shares of the e-commerce giant's stock worth $85,572,000 after purchasing an additional 389,380 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Amazon.com during the 4th quarter worth $7,407,000. Oarsman Capital Inc. increased its position in Amazon.com by 7.0% during the 4th quarter. Oarsman Capital Inc. now owns 23,331 shares of the e-commerce giant's stock valued at $5,119,000 after buying an additional 1,536 shares in the last quarter. Finally, Dempze Nancy E raised its stake in Amazon.com by 2.0% in the fourth quarter. Dempze Nancy E now owns 26,230 shares of the e-commerce giant's stock valued at $5,755,000 after buying an additional 520 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

A number of research analysts have issued reports on the stock. Cantor Fitzgerald raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. HSBC lifted their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Citizens Jmp reduced their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Bank of America dropped their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Truist Financial decreased their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $244.09.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 5,848 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the transaction, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. The trade was a 7.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,298 shares of company stock valued at $23,818,478. 9.70% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of AMZN traded up $1.49 during trading hours on Thursday, reaching $190.20. The company had a trading volume of 7,217,082 shares, compared to its average volume of 45,772,293. The firm has a 50 day simple moving average of $188.97 and a 200-day simple moving average of $207.75. The company has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 34.39, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during 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%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

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.