Fragasso Financial Advisors Inc Acquires 501 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Fragasso Financial Advisors Inc lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,732 shares of the e-commerce giant’s stock after buying an additional 501 shares during the period. Amazon.com comprises 1.0% of Fragasso Financial Advisors Inc’s holdings, making the stock its 17th largest holding. Fragasso Financial Advisors Inc’s holdings in Amazon.com were worth $13,366,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMZN. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Capital Research Global Investors increased its holdings in Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Legal & General Group Plc increased its holdings in Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares during the period. Bank of New York Mellon Corp raised its position in Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after purchasing an additional 289,532 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after buying an additional 295,132 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $197.93 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $136.47 and a 12-month high of $201.20. The firm has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The firm has a 50 day moving average of $184.82 and a 200 day moving average of $183.76.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 4.84 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Bank of America raised their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday. Maxim Group lifted their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday. Susquehanna upped their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price target (up from $230.00) on shares of Amazon.com in a report on Friday. Finally, Evercore ISI raised their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $246.02.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’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 directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,855 shares of company stock worth $9,215,048 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

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.