Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Decreased by Fortune Financial Advisors LLC

Fortune Financial Advisors LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 28.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,134 shares of the e-commerce giant’s stock after selling 4,395 shares during the period. Amazon.com makes up about 1.9% of Fortune Financial Advisors LLC’s holdings, making the stock its 18th biggest position. Fortune Financial Advisors LLC’s holdings in Amazon.com were worth $2,075,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AMZN. China Universal Asset Management Co. Ltd. increased its position in shares of Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after acquiring an additional 43,759 shares in the last quarter. Quent Capital LLC boosted its stake in Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after purchasing an additional 1,081 shares during the period. Motco grew its position in Amazon.com by 2.3% during the 1st quarter. Motco now owns 75,688 shares of the e-commerce giant’s stock worth $13,653,000 after purchasing an additional 1,716 shares in the last quarter. Bright Financial Advisors Inc. acquired a new stake in Amazon.com during the 1st quarter valued at $1,149,000. Finally, Kelman Lazarov Inc. lifted its holdings in shares of Amazon.com by 2.5% in the first quarter. Kelman Lazarov Inc. now owns 2,883 shares of the e-commerce giant’s stock valued at $520,000 after purchasing an additional 71 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 1.0 %

Shares of AMZN stock opened at $207.89 on Monday. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.19 trillion, a PE ratio of 44.52, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The stock has a 50 day moving average of $194.78 and a 200-day moving average of $186.94.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,026,683 shares of company stock valued at $1,252,148,795. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AMZN shares. Rosenblatt Securities lifted their price target on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Truist Financial upped their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Telsey Advisory Group raised their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Evercore ISI boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Moffett Nathanson increased their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $236.20.

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.