SpringVest Wealth Management LLC Acquires Shares of 1,254 Amazon.com, Inc. (NASDAQ:AMZN)

SpringVest Wealth Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,254 shares of the e-commerce giant's stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in 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 during the last quarter. FMR LLC raised its stake in shares of Amazon.com by 0.5% in the fourth 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 lifted its holdings in 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 worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in 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 worth $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Finally, Norges Bank bought a new stake in shares of Amazon.com in the fourth quarter valued at $27,266,582,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMZN shares. JPMorgan Chase & Co. lifted their price target on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Barclays lowered their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and set a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, Loop Capital upped their price target on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $244.89.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded down $4.41 during trading on Wednesday, reaching $213.20. 39,186,416 shares of the company's stock traded hands, compared to its average volume of 42,179,291. 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, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market cap of $2.26 trillion, a PE ratio of 38.55, a P/E/G ratio of 1.50 and a beta of 1.33. The company has a 50-day simple moving average of $193.88 and a 200-day simple moving average of $209.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. 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 posted $0.98 EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 in the last ninety days. Insiders own 9.70% of the company's stock.

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.