Foundations Investment Advisors LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Foundations Investment Advisors LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 212,522 shares of the e-commerce giant’s stock after purchasing an additional 27,928 shares during the period. Amazon.com makes up 0.9% of Foundations Investment Advisors LLC’s holdings, making the stock its 23rd largest position. Foundations Investment Advisors LLC’s holdings in Amazon.com were worth $46,625,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AMZN. Icon Wealth Advisors LLC boosted its holdings in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com during the 3rd quarter valued at about $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com in the 3rd quarter valued at about $45,000. Values First Advisors Inc. purchased a new stake in shares of Amazon.com in the third quarter worth about $56,000. Finally, Harbor Investment Advisory LLC grew its holdings in Amazon.com by 1.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after acquiring an additional 3,055 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AMZN shares. Redburn Atlantic upped their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Wedbush reissued an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Oppenheimer lifted their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, February 7th. The Goldman Sachs Group upped their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Barclays lifted their price target on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.74.

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,848 shares of company stock worth $11,368,639. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ AMZN opened at $228.68 on Monday. The company has a market capitalization of $2.42 trillion, a P/E ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a 50 day simple moving average of $228.21 and a 200-day simple moving average of $202.44. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, equities research analysts predict that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

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.