Sovereign Investment Advisors LLC Buys Shares of 8,516 Amazon.com, Inc. (NASDAQ:AMZN)

Sovereign Investment Advisors LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,516 shares of the e-commerce giant's stock, valued at approximately $1,868,000. Amazon.com makes up approximately 0.6% of Sovereign Investment Advisors LLC's holdings, making the stock its 29th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. CV Advisors LLC boosted its holdings in shares of Amazon.com by 50.3% in the fourth quarter. CV Advisors LLC now owns 82,272 shares of the e-commerce giant's stock worth $16,624,000 after buying an additional 27,533 shares during the period. Greenwich Wealth Management LLC raised its stake in Amazon.com by 1.8% during the 4th quarter. Greenwich Wealth Management LLC now owns 16,938 shares of the e-commerce giant's stock valued at $3,716,000 after purchasing an additional 300 shares during the period. Centurion Wealth Management LLC lifted its holdings in shares of Amazon.com by 0.7% in the fourth quarter. Centurion Wealth Management LLC now owns 18,792 shares of the e-commerce giant's stock valued at $4,123,000 after purchasing an additional 133 shares in the last quarter. Tumwater Wealth Management LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $216,000. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Amazon.com by 10.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 632,355 shares of the e-commerce giant's stock valued at $138,732,000 after buying an additional 57,630 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was 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 owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 in the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of AMZN traded down $5.29 during mid-day trading on Monday, hitting $167.32. 47,976,369 shares of the company traded hands, compared to its average volume of 41,753,985. 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 business has a 50-day moving average of $197.21 and a 200 day moving average of $208.09. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Wolfe Research increased their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Maxim Group upped their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Wells Fargo & Company cut their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Finally, Truist Financial lowered their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $249.90.

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.