Foster & Motley Inc. Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Foster & Motley Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 21.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,855 shares of the e-commerce giant’s stock after acquiring an additional 507 shares during the quarter. Foster & Motley Inc.’s holdings in Amazon.com were worth $532,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Capital Market Strategies LLC raised its position in shares of Amazon.com by 14.4% during the 2nd quarter. Capital Market Strategies LLC now owns 9,150 shares of the e-commerce giant’s stock valued at $1,768,000 after buying an additional 1,149 shares during the period. Neville Rodie & Shaw Inc. grew its position in Amazon.com by 2.8% in the second quarter. Neville Rodie & Shaw Inc. now owns 102,610 shares of the e-commerce giant’s stock worth $19,830,000 after acquiring an additional 2,840 shares during the period. Transcend Capital Advisors LLC increased its stake in Amazon.com by 3.2% during the second quarter. Transcend Capital Advisors LLC now owns 111,019 shares of the e-commerce giant’s stock worth $21,454,000 after acquiring an additional 3,462 shares during the last quarter. Park Place Capital Corp raised its position in Amazon.com by 6.7% in the second quarter. Park Place Capital Corp now owns 21,190 shares of the e-commerce giant’s stock valued at $4,095,000 after purchasing an additional 1,333 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Amazon.com by 50.1% in the 2nd quarter. GAMMA Investing LLC now owns 99,974 shares of the e-commerce giant’s stock valued at $19,320,000 after purchasing an additional 33,384 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on AMZN shares. Needham & Company LLC reissued a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Tuesday, December 10th. Susquehanna increased their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Rosenblatt Securities boosted their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird upped their price target on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $238.87.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $227.46 on Friday. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 48.71, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $231.20. The firm’s 50 day moving average is $201.65 and its two-hundred day moving average is $189.72.

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

About Amazon.com

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.