Fermata Advisors LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Fermata Advisors LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,408 shares of the e-commerce giant’s stock after buying an additional 354 shares during the quarter. Fermata Advisors LLC’s holdings in Amazon.com were worth $3,057,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. JGP Wealth Management LLC grew its holdings in Amazon.com by 4.5% during the 3rd quarter. JGP Wealth Management LLC now owns 22,613 shares of the e-commerce giant’s stock valued at $4,213,000 after buying an additional 977 shares in the last quarter. DLK Investment Management LLC boosted its position in shares of Amazon.com by 109.6% during the 3rd quarter. DLK Investment Management LLC now owns 29,842 shares of the e-commerce giant’s stock valued at $5,561,000 after acquiring an additional 15,602 shares during the last quarter. Castle Rock Wealth Management LLC boosted its position in shares of Amazon.com by 13.9% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 54,141 shares of the e-commerce giant’s stock valued at $9,835,000 after acquiring an additional 6,591 shares during the last quarter. LVW Advisors LLC boosted its position in shares of Amazon.com by 7.6% during the 3rd quarter. LVW Advisors LLC now owns 42,761 shares of the e-commerce giant’s stock valued at $7,968,000 after acquiring an additional 3,016 shares during the last quarter. Finally, ORBA Wealth Advisors L.L.C. boosted its position in shares of Amazon.com by 2.1% during the 3rd quarter. ORBA Wealth Advisors L.L.C. now owns 10,867 shares of the e-commerce giant’s stock valued at $2,025,000 after acquiring an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction 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 in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,859 shares of company stock valued at $10,215,097 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of research analyst reports. JMP Securities lifted their price target on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Stifel Nicolaus lifted their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, TD Cowen lifted their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com Price Performance

AMZN opened at $210.05 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25. The stock has a market capitalization of $2.21 trillion, a PE ratio of 44.98, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. The stock’s 50 day moving average price is $186.48 and its 200-day moving average price is $184.23.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 5.16 EPS for the current year.

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.