Savoir Faire Capital Management L.P. Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Savoir Faire Capital Management L.P. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 83.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,947 shares of the e-commerce giant’s stock after acquiring an additional 13,584 shares during the quarter. Amazon.com makes up 2.9% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 11th largest position. Savoir Faire Capital Management L.P.’s holdings in Amazon.com were worth $5,580,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Midwest Financial Group LLC lifted its position in shares of Amazon.com by 3.1% during the second quarter. Midwest Financial Group LLC now owns 5,405 shares of the e-commerce giant’s stock worth $1,045,000 after acquiring an additional 163 shares in the last quarter. Valued Wealth Advisors LLC raised its stake in shares of Amazon.com by 12.3% during the 2nd quarter. Valued Wealth Advisors LLC now owns 1,794 shares of the e-commerce giant’s stock valued at $347,000 after purchasing an additional 197 shares during the period. Phoenix Wealth Advisors lifted its holdings in Amazon.com by 10.9% during the 2nd quarter. Phoenix Wealth Advisors now owns 3,890 shares of the e-commerce giant’s stock worth $752,000 after purchasing an additional 381 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in Amazon.com by 10.7% in the 2nd quarter. Leavell Investment Management Inc. now owns 74,293 shares of the e-commerce giant’s stock worth $14,357,000 after purchasing an additional 7,157 shares during the period. Finally, Provident Wealth Management LLC boosted its stake in Amazon.com by 23.2% in the 2nd quarter. Provident Wealth Management LLC now owns 2,656 shares of the e-commerce giant’s stock worth $513,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $223.75 on Monday. The company’s fifty day simple moving average is $209.73 and its two-hundred day simple moving average is $192.89. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The firm has a market cap of $2.35 trillion, a PE ratio of 47.91, a price-to-earnings-growth 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 (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com 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. This represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMZN. Rosenblatt Securities increased their price target on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus upped their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen raised their price target on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Benchmark boosted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Morgan Stanley increased their price objective on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

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.