Foundations Investment Advisors LLC Purchases 16,392 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Foundations Investment Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,594 shares of the e-commerce giant’s stock after buying an additional 16,392 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Amazon.com were worth $34,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Garrison Point Advisors LLC increased its position in Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after purchasing an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after buying an additional 55 shares during the last quarter. O Connor Financial Group LLC increased its holdings in shares of Amazon.com by 2.2% during the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after buying an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC boosted its holdings in shares of Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after acquiring an additional 55 shares in the last quarter. Finally, O Dell Group LLC boosted its holdings in shares of Amazon.com by 0.4% during the 1st quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock valued at $2,460,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock valued at $1,249,093,896 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $197.12 on Friday. Amazon.com, Inc. has a 1-year low of $142.81 and a 1-year high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.07 trillion, a PE ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The stock’s fifty day simple moving average is $193.00 and its two-hundred day simple moving average is $186.31.

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, 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 business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on AMZN. JPMorgan Chase & Co. increased their target price on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price objective (up previously from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Itau BBA Securities lowered 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. Deutsche Bank Aktiengesellschaft raised their price target 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. Finally, Wedbush lifted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. 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 data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $235.77.

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.