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

Sovran Advisors LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 32,985 shares of the e-commerce giant’s stock, valued at approximately $7,183,000. Amazon.com comprises approximately 1.0% of Sovran Advisors LLC’s holdings, making the stock its 20th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc grew its holdings 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 valued at $27,000 after purchasing an additional 100 shares during the period. Quattro Financial Advisors LLC boosted its holdings 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 during the last quarter. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com during the 3rd quarter valued at $45,000. Iron Horse Wealth Management LLC increased its holdings in shares of Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after buying an additional 112 shares during the last quarter. Finally, Values First Advisors Inc. purchased a new position in shares of Amazon.com in the 3rd quarter worth $56,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. The Goldman Sachs Group upped their price target on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Wedbush reissued an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Finally, Raymond James lifted their target price on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $199.25 on Monday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock’s fifty day moving average is $224.11 and its two-hundred day moving average is $206.99.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) 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 predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.