Fermata Advisors LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Fermata Advisors LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,292 shares of the e-commerce giant’s stock after acquiring an additional 1,799 shares during the quarter. Fermata Advisors LLC’s holdings in Amazon.com were worth $2,939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. Vanguard Group Inc. grew its holdings in Amazon.com by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after purchasing an additional 13,134,632 shares during the period. FMR LLC grew its holdings in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Norges Bank bought a new position in Amazon.com during the fourth quarter valued at $17,700,551,000. Northern Trust Corp grew its holdings in Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Finally, Jennison Associates LLC grew its holdings in Amazon.com by 2.5% during the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after purchasing an additional 1,389,503 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,338 shares of company stock valued at $11,894,344. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 2.3 %

AMZN opened at $193.25 on Friday. The firm has a market cap of $2.01 trillion, a P/E ratio of 54.13, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $199.84. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $183.87 and a 200 day moving average of $172.93.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on AMZN. Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Evercore ISI raised their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Citigroup raised their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Loop Capital raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $215.86.

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.