Fairman Group LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Fairman Group LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 80.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,902 shares of the e-commerce giant’s stock after buying an additional 1,742 shares during the quarter. Amazon.com comprises about 0.8% of Fairman Group LLC’s investment portfolio, making the stock its 21st largest holding. Fairman Group LLC’s holdings in Amazon.com were worth $754,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC increased its position in shares of Amazon.com by 0.8% in the 2nd quarter. Crewe Advisors LLC now owns 30,042 shares of the e-commerce giant’s stock valued at $5,806,000 after acquiring an additional 242 shares during the period. Blackhawk Capital Partners LLC. grew its holdings in Amazon.com by 1.0% in the second quarter. Blackhawk Capital Partners LLC. now owns 20,847 shares of the e-commerce giant’s stock valued at $4,029,000 after purchasing an additional 197 shares during the period. ARK & TLK Investments LLC lifted its holdings in Amazon.com by 6.8% during the second quarter. ARK & TLK Investments LLC now owns 1,561 shares of the e-commerce giant’s stock valued at $302,000 after purchasing an additional 100 shares in the last quarter. Highview Capital Management LLC DE boosted its stake in shares of Amazon.com by 6.9% in the second quarter. Highview Capital Management LLC DE now owns 26,068 shares of the e-commerce giant’s stock worth $5,038,000 after acquiring an additional 1,690 shares during the last quarter. Finally, Armbruster Capital Management Inc. lifted its stake in shares of Amazon.com by 17.3% in the second quarter. Armbruster Capital Management Inc. now owns 1,434 shares of the e-commerce giant’s stock worth $277,000 after buying an additional 211 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMZN shares. Tigress Financial boosted their price target on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Evercore ISI boosted their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets reissued an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a research report on Thursday. Finally, Truist Financial upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $222.84.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $191.60 on Monday. The firm’s 50 day moving average is $178.54 and its two-hundred day moving average is $182.10. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.99 trillion, a P/E ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Insiders own 10.80% of the company’s stock.

About Amazon.com

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.