Fairvoy Private Wealth LLC Purchases Shares of 41,063 Amazon.com, Inc. (NASDAQ:AMZN)

Fairvoy Private Wealth LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,063 shares of the e-commerce giant’s stock, valued at approximately $9,009,000. Amazon.com comprises 2.4% of Fairvoy Private Wealth LLC’s holdings, making the stock its 11th largest position.

Several other hedge funds also recently modified their holdings of AMZN. AMF Tjanstepension AB increased its holdings in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after buying an additional 811,425 shares during the last quarter. Heartwood Wealth Advisors LLC grew its position in shares of Amazon.com by 1.8% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 10,635 shares of the e-commerce giant’s stock valued at $1,982,000 after acquiring an additional 190 shares during the period. Greenfield Savings Bank increased its stake in shares of Amazon.com by 2.5% during the 3rd quarter. Greenfield Savings Bank now owns 23,692 shares of the e-commerce giant’s stock worth $4,415,000 after purchasing an additional 578 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new position in shares of Amazon.com during the 3rd quarter worth about $21,120,000. Finally, Bath Savings Trust Co raised its holdings in shares of Amazon.com by 1.1% in the 3rd quarter. Bath Savings Trust Co now owns 91,489 shares of the e-commerce giant’s stock valued at $17,047,000 after purchasing an additional 1,021 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 3.4 %

Shares of NASDAQ:AMZN opened at $205.02 on Tuesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market capitalization of $2.17 trillion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The business has a fifty day moving average price of $226.04 and a two-hundred day moving average price of $206.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on AMZN. Scotiabank lifted their price target on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Barclays raised their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Benchmark boosted their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their price target on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,649 shares of company stock valued at $23,871,905 in the last three months. Company insiders own 10.80% of the company’s stock.

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.