Sava Infond d.o.o. Buys New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Sava Infond d.o.o. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 113,960 shares of the e-commerce giant's stock, valued at approximately $25,002,000. Amazon.com comprises 4.4% of Sava Infond d.o.o.'s holdings, making the stock its 6th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB lifted its position in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after buying an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC acquired a new stake in Amazon.com during the 3rd quarter worth $279,000. Howard Capital Management Group LLC raised its stake in Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after acquiring an additional 897 shares in the last quarter. Pettinga Financial Advisors LLC lifted its position in Amazon.com by 4.3% in the third quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant's stock valued at $1,027,000 after acquiring an additional 225 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Amazon.com by 5.1% in the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after acquiring an additional 984,570 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Wells Fargo & Company reduced their target price on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. JMP Securities reduced their price objective on Amazon.com from $285.00 to $240.00 and set a "market outperform" rating for the company in a research note on Monday, April 14th. Oppenheimer increased their price objective on Amazon.com from $230.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Stifel Nicolaus cut their target price on shares of Amazon.com from $275.00 to $248.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Wedbush reiterated an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $247.56.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly 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 have sold a total of 104,798 shares of company stock valued at $23,341,803 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $188.99 on Monday. The company has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39. The stock has a fifty day moving average of $193.52 and a two-hundred day moving average of $208.05. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, analysts anticipate 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.

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