6,136 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,136 shares of the e-commerce giant's stock, valued at approximately $932,000. Amazon.com accounts for approximately 0.9% of Savvy Advisors Inc.'s portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Congress Asset Management Co. MA boosted its position in shares of Amazon.com by 0.9% during the 3rd quarter. Congress Asset Management Co. MA now owns 894,426 shares of the e-commerce giant's stock valued at $113,699,000 after acquiring an additional 8,073 shares in the last quarter. GS Investments Inc. raised its holdings in shares of Amazon.com by 0.9% in the 3rd quarter. GS Investments Inc. now owns 36,925 shares of the e-commerce giant's stock worth $4,694,000 after buying an additional 335 shares in the last quarter. AIA Group Ltd lifted its position in shares of Amazon.com by 71.3% during the 3rd quarter. AIA Group Ltd now owns 91,241 shares of the e-commerce giant's stock worth $11,599,000 after buying an additional 37,964 shares during the period. Confluence Wealth Services Inc. boosted its stake in Amazon.com by 11.0% in the 3rd quarter. Confluence Wealth Services Inc. now owns 17,441 shares of the e-commerce giant's stock valued at $2,217,000 after buying an additional 1,734 shares in the last quarter. Finally, Retirement Income Solutions Inc grew its position in Amazon.com by 1.7% in the third quarter. Retirement Income Solutions Inc now owns 19,165 shares of the e-commerce giant's stock valued at $2,436,000 after acquiring an additional 316 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $21,726,894.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. Insiders sold a total of 65,838 shares of company stock worth $11,984,344 in the last three months. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Argus upped their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. Barclays lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Oppenheimer increased their price target on Amazon.com from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 1st. Finally, Piper Sandler lifted their price objective on Amazon.com from $205.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $212.40.

Amazon.com Stock Up 1.1 %

Shares of AMZN stock traded up $1.94 on Wednesday, hitting $181.28. 32,064,009 shares of the stock were exchanged, compared to its average volume of 42,599,633. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.89 trillion, a P/E ratio of 50.78, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $191.70. The business has a 50-day moving average of $182.36 and a 200 day moving average of $168.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business's revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

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.