Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Savvy Advisors Inc.

Savvy Advisors Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 32.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,746 shares of the e-commerce giant's stock after acquiring an additional 7,486 shares during the period. Amazon.com accounts for approximately 1.2% of Savvy Advisors Inc.'s holdings, making the stock its 16th biggest holding. Savvy Advisors Inc.'s holdings in Amazon.com were worth $5,729,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC lifted its holdings in shares of Amazon.com by 9.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock worth $34,395,000 after acquiring an additional 16,392 shares during the last quarter. Umpqua Bank lifted its stake in Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock worth $6,544,000 after purchasing an additional 137 shares during the last quarter. BayBridge Capital Group LLC boosted its position in shares of Amazon.com by 51.8% during the third quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant's stock valued at $2,677,000 after buying an additional 4,905 shares during the period. Zhang Financial LLC raised its holdings in shares of Amazon.com by 12.9% in the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant's stock worth $9,520,000 after buying an additional 5,828 shares during the period. Finally, Washington Trust Advisors Inc. lifted its stake in shares of Amazon.com by 0.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock worth $41,972,000 after acquiring an additional 982 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMZN shares. Bank of America increased their target price on Amazon.com from $210.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. The Goldman Sachs Group upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Loop Capital lifted their price target on shares of Amazon.com from $225.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus raised their price objective on Amazon.com from $224.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $243.00.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock worth $1,253,883,872 over the last three months. Insiders own 10.80% of the company's stock.

Amazon.com Stock Up 0.6 %

Shares of AMZN stock traded up $1.38 on Monday, reaching $226.30. 9,827,518 shares of the stock were exchanged, compared to its average volume of 41,290,434. The company has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.46, a PEG ratio of 1.54 and a beta of 1.16. The business's 50 day moving average price is $205.83 and its 200 day moving average price is $191.38. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal 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.