Amazon.com, Inc. (NASDAQ:AMZN) is FRG Family Wealth Advisors LLC’s 3rd Largest Position

FRG Family Wealth Advisors LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 189,727 shares of the e-commerce giant’s stock after selling 965 shares during the quarter. Amazon.com accounts for 6.3% of FRG Family Wealth Advisors LLC’s holdings, making the stock its 3rd biggest holding. FRG Family Wealth Advisors LLC’s holdings in Amazon.com were worth $35,352,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. MinichMacGregor Wealth Management LLC increased its stake in Amazon.com by 1.7% in the second quarter. MinichMacGregor Wealth Management LLC now owns 9,481 shares of the e-commerce giant’s stock worth $1,832,000 after purchasing an additional 163 shares during the period. Raymond James Trust CO. of NH purchased a new stake in Amazon.com in the second quarter worth $220,000. Addison Capital Co increased its stake in Amazon.com by 6.5% in the second quarter. Addison Capital Co now owns 16,691 shares of the e-commerce giant’s stock worth $3,226,000 after purchasing an additional 1,013 shares during the period. First Heartland Consultants Inc. increased its stake in Amazon.com by 13.4% in the second quarter. First Heartland Consultants Inc. now owns 72,243 shares of the e-commerce giant’s stock worth $13,961,000 after purchasing an additional 8,557 shares during the period. Finally, Rooted Wealth Advisors Inc. increased its stake in Amazon.com by 7.5% in the second quarter. Rooted Wealth Advisors Inc. now owns 7,498 shares of the e-commerce giant’s stock worth $1,378,000 after purchasing an additional 524 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AMZN. Truist Financial increased their target price on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. HSBC raised their price target on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday. Wedbush raised their price target on Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Pivotal Research assumed coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Finally, Rosenblatt Securities raised their price target on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $245.65.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 2.6 %

Shares of NASDAQ:AMZN opened at $223.35 on Thursday. Amazon.com, Inc. has a 12-month low of $149.91 and a 12-month high of $233.00. The company has a market capitalization of $2.35 trillion, a PE ratio of 47.83, a PEG ratio of 1.54 and a beta of 1.14. The business has a 50 day moving average of $217.02 and a two-hundred day moving average of $195.74. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current 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.