Farther Finance Advisors LLC Has $27.97 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Farther Finance Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,089 shares of the e-commerce giant’s stock after purchasing an additional 17,758 shares during the quarter. Amazon.com accounts for approximately 1.0% of Farther Finance Advisors LLC’s portfolio, making the stock its 13th largest position. Farther Finance Advisors LLC’s holdings in Amazon.com were worth $27,967,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. raised its position in Amazon.com by 31.6% in the 1st 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 buying an additional 43,759 shares during the last quarter. Quent Capital LLC grew its stake in shares of 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 acquiring an additional 1,081 shares in the last quarter. London & Capital Asset Management Ltd raised its holdings in shares of Amazon.com by 2.1% in the first quarter. London & Capital Asset Management Ltd now owns 71,454 shares of the e-commerce giant’s stock valued at $12,889,000 after purchasing an additional 1,436 shares during the last quarter. Steadfast Capital Management LP lifted its position in shares of Amazon.com by 11.8% during the first quarter. Steadfast Capital Management LP now owns 1,354,600 shares of the e-commerce giant’s stock valued at $244,343,000 after purchasing an additional 142,500 shares in the last quarter. Finally, Talisman Wealth Advisors LLC boosted its holdings in Amazon.com by 5.1% during the first quarter. Talisman Wealth Advisors LLC now owns 4,349 shares of the e-commerce giant’s stock worth $784,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $227.03 on Monday. Amazon.com, Inc. has a 52-week low of $143.64 and a 52-week high of $227.15. The stock has a fifty day moving average of $197.39 and a 200 day moving average of $188.15. 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 firm has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 48.61, a P/E/G ratio of 1.46 and a beta of 1.16.

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

Analyst Ratings Changes

Several equities research analysts have commented on AMZN shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JMP Securities increased 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. Telsey Advisory Group lifted their price target on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen upped their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Redburn Atlantic lifted their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $236.20.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s 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 sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,030,183 shares of company stock valued at $1,252,883,795 over the last three months. 10.80% of the stock is owned by corporate insiders.

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.