Grey Fox Wealth Advisors LLC Has $1.12 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Grey Fox Wealth Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,012 shares of the e-commerce giant’s stock after buying an additional 83 shares during the quarter. Grey Fox Wealth Advisors LLC’s holdings in Amazon.com were worth $1,120,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. China Universal Asset Management Co. Ltd. grew its stake in shares of Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after purchasing an additional 43,759 shares during the last quarter. Quent Capital LLC lifted its holdings in Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after buying an additional 1,081 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Amazon.com by 44.0% in the 1st quarter. Meeder Asset Management Inc. now owns 207,028 shares of the e-commerce giant’s stock valued at $37,344,000 after buying an additional 63,291 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in shares of Amazon.com by 14.8% in the 1st quarter. Meeder Advisory Services Inc. now owns 114,940 shares of the e-commerce giant’s stock valued at $20,733,000 after buying an additional 14,815 shares during the period. Finally, Verus Capital Partners LLC increased its stake in shares of Amazon.com by 2.9% in the 1st quarter. Verus Capital Partners LLC now owns 408,608 shares of the e-commerce giant’s stock valued at $73,705,000 after buying an additional 11,536 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $207.86 on Wednesday. The stock’s 50-day simple moving average is $193.75 and its 200 day simple moving average is $186.52. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.19 trillion, a P/E ratio of 44.51, a P/E/G ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AMZN. Maxim Group raised their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Piper Sandler raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Benchmark raised their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, TD Cowen upped their target price on shares of 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-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.20.

Amazon.com 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.