Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Fiduciary Alliance LLC

Fiduciary Alliance LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 25.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,809 shares of the e-commerce giant’s stock after acquiring an additional 19,313 shares during the quarter. Amazon.com makes up 2.3% of Fiduciary Alliance LLC’s portfolio, making the stock its 7th biggest holding. Fiduciary Alliance LLC’s holdings in Amazon.com were worth $17,666,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GenTrust LLC increased its stake in shares of Amazon.com by 1.4% during the 1st quarter. GenTrust LLC now owns 37,195 shares of the e-commerce giant’s stock worth $6,709,000 after purchasing an additional 525 shares during the last quarter. Horizon Bancorp Inc. IN lifted its stake in shares of Amazon.com by 2.5% in the 1st quarter. Horizon Bancorp Inc. IN now owns 3,793 shares of the e-commerce giant’s stock valued at $684,000 after purchasing an additional 94 shares during the last quarter. FORVIS Wealth Advisors LLC boosted its holdings in Amazon.com by 68.0% in the first quarter. FORVIS Wealth Advisors LLC now owns 60,901 shares of the e-commerce giant’s stock worth $10,985,000 after purchasing an additional 24,644 shares in the last quarter. Mezzasalma Advisors LLC increased its position in Amazon.com by 7.7% during the first quarter. Mezzasalma Advisors LLC now owns 53,452 shares of the e-commerce giant’s stock worth $9,642,000 after buying an additional 3,842 shares during the last quarter. Finally, Kesler Norman & Wride LLC raised its holdings in Amazon.com by 145.9% during the first quarter. Kesler Norman & Wride LLC now owns 16,994 shares of the e-commerce giant’s stock valued at $3,065,000 after buying an additional 10,082 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $206.84 on Tuesday. The company has a market capitalization of $2.17 trillion, a P/E ratio of 44.29, a P/E/G ratio of 1.40 and a beta of 1.14. The business has a fifty day simple moving average of $187.83 and a two-hundred day simple moving average of $184.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $212.25.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group upped their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wolfe Research assumed coverage on shares of Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective for the company. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. Susquehanna upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $234.55.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated 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 owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock valued at $10,215,097 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.