Sovereign Investment Advisors LLC Buys New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Sovereign Investment Advisors LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,516 shares of the e-commerce giant’s stock, valued at approximately $1,868,000. Amazon.com accounts for approximately 0.6% of Sovereign Investment Advisors LLC’s portfolio, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB increased its holdings in Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after buying an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC acquired a new stake in Amazon.com during the 3rd quarter valued at approximately $279,000. Howard Capital Management Group LLC boosted its position in shares of 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 valued at $66,434,000 after purchasing an additional 897 shares in the last quarter. Meridian Management Co. grew its holdings in Amazon.com by 27.6% in the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock worth $6,235,000 after purchasing an additional 7,246 shares during the period. Finally, Pettinga Financial Advisors LLC increased its holdings in shares of Amazon.com by 4.3% during 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 in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. 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 over the last quarter. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMZN. HSBC increased their price target on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Citigroup reduced their target price on Amazon.com from $273.00 to $225.00 and set a “buy” rating for the company in a research report on Monday. DA Davidson decreased their price objective on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a report on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Raymond James raised their target price on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $252.73.

Amazon.com Price Performance

NASDAQ:AMZN opened at $172.51 on Friday. The company has a market capitalization of $1.83 trillion, a P/E ratio of 31.19, a P/E/G ratio of 1.50 and a beta of 1.39. The business’s 50-day moving average is $199.65 and its 200 day moving average is $207.97. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released 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, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share 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.