Savvy Advisors Inc. Acquires 24,047 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Savvy Advisors Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 78.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,793 shares of the e-commerce giant's stock after acquiring an additional 24,047 shares during the period. Amazon.com comprises approximately 1.4% of Savvy Advisors Inc.'s holdings, making the stock its 11th largest holding. Savvy Advisors Inc.'s holdings in Amazon.com were worth $12,021,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. increased its position in 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 worth $180,637,081,000 after buying an additional 17,635,391 shares during the period. State Street Corp increased its position in Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after buying an additional 11,370,309 shares during the period. FMR LLC increased its position in 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 buying an additional 1,725,664 shares during the period. Geode Capital Management LLC increased its position in Amazon.com by 2.5% in 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 buying an additional 5,015,380 shares during the period. Finally, Norges Bank acquired a new stake in Amazon.com in the fourth quarter worth $27,266,582,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 1.6%

NASDAQ AMZN traded up $3.27 during trading on Tuesday, reaching $211.91. 42,321,510 shares of the company's stock were exchanged, compared to its average volume of 46,262,574. 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 capitalization of $2.25 trillion, a PE ratio of 38.32, a P/E/G ratio of 1.50 and a beta of 1.30. 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's fifty day simple moving average is $188.50 and its 200-day simple moving average is $208.25.

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

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This trade represents a 6.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 107,298 shares of company stock valued at $23,818,478 in the last three months. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AMZN shares. HSBC increased their target price on Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Stifel Nicolaus lowered their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. raised their price target on Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Evercore ISI lowered their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, BNP Paribas raised Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Four investment 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

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.