Amazon.com, Inc. (NASDAQ:AMZN) is Steward Partners Investment Advisory LLC's 4th Largest Position

Steward Partners Investment Advisory LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,178,912 shares of the e-commerce giant's stock after buying an additional 6,116 shares during the period. Amazon.com comprises about 2.3% of Steward Partners Investment Advisory LLC's investment portfolio, making the stock its 4th biggest position. Steward Partners Investment Advisory LLC's holdings in Amazon.com were worth $258,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in AMZN. Accordant Advisory Group Inc boosted its stake in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares in the last quarter. Icon Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC boosted its stake in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Compass Planning Associates Inc bought a new position in shares of Amazon.com during the 4th quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Amazon.com in the 4th quarter worth $54,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Raymond James raised their price target on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. HSBC increased their price objective on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Tigress Financial lifted their target price on shares of Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $260.53.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49 % 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 worth $23,341,803 in the last ninety days. Insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

AMZN traded up $4.26 during midday trading on Monday, hitting $175.26. 109,053,091 shares of the company traded hands, compared to its average volume of 40,907,791. The company's 50-day moving average is $210.97 and its 200 day moving average is $209.12. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a market capitalization of $1.86 trillion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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, research analysts expect that Amazon.com, Inc. will post 6.31 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.