Continuum Advisory LLC Acquires 3,382 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Continuum Advisory LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,350 shares of the e-commerce giant's stock after purchasing an additional 3,382 shares during the quarter. Amazon.com makes up approximately 2.1% of Continuum Advisory LLC's portfolio, making the stock its 7th largest holding. Continuum Advisory LLC's holdings in Amazon.com were worth $16,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Vanguard Group Inc. increased its position in Amazon.com by 2.2% during 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 acquiring an additional 17,635,391 shares during the period. FMR LLC grew its position in Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after buying an additional 4,087,933 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com in the fourth quarter valued at about $27,266,582,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,537 shares of company stock worth $20,018,625. Corporate insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Bank of America boosted their price target on Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a research note on Monday. JPMorgan Chase & Co. upped their target price on Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Wall Street Zen cut shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $244.57.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $0.94 during trading on Tuesday, hitting $205.71. 33,063,184 shares of the stock were exchanged, compared to its average volume of 41,934,444. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $190.68 and a 200-day moving average price of $208.63. The stock has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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

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.