Seven Springs Wealth Group LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,697 shares of the e-commerce giant’s stock after buying an additional 1,533 shares during the period. Amazon.com comprises 2.5% of Seven Springs Wealth Group LLC’s holdings, making the stock its 10th largest position. Seven Springs Wealth Group LLC’s holdings in Amazon.com were worth $6,735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. Vanguard Group Inc. raised its holdings in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the period. FMR LLC raised its holdings in Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its holdings in Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Finally, Norges Bank bought a new position in Amazon.com in the 4th quarter valued at about $27,266,582,000. 72.20% of the stock is owned by institutional investors.

Several research analysts have weighed in on the stock. Phillip Securities cut shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. StockNews.com cut shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Morgan Stanley lowered their price target on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Jefferies Financial Group lowered their price target on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Westpark Capital reissued a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.09.

Check Out Our Latest Stock Analysis on AMZN

Shares of NASDAQ:AMZN opened at $205.59 on Friday. The firm has a market cap of $2.18 trillion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm’s fifty day moving average is $189.33 and its 200-day moving average is $208.61. 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, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. The trade was a 22.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,798 shares of company stock worth $17,696,733 over the last quarter. Company insiders own 9.70% of the company’s stock.

(Free Report)

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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