Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by FRG Family Wealth Advisors LLC

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FRG Family Wealth Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,906.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,982 shares of the e-commerce giant’s stock after acquiring an additional 180,513 shares during the period. Amazon.com makes up 4.7% of FRG Family Wealth Advisors LLC’s portfolio, making the stock its 5th biggest position. FRG Family Wealth Advisors LLC’s holdings in Amazon.com were worth $20,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Chartist Inc. CA lifted its holdings in shares of Amazon.com by 10.1% during the fourth quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant’s stock valued at $1,057,000 after purchasing an additional 29 shares in the last quarter. Fort Point Capital Partners LLC lifted its holdings in shares of Amazon.com by 5.1% during the fourth quarter. Fort Point Capital Partners LLC now owns 3,525 shares of the e-commerce giant’s stock valued at $11,754,000 after purchasing an additional 170 shares in the last quarter. Williams Jones Wealth Management LLC. lifted its holdings in shares of Amazon.com by 1.1% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 45,114 shares of the e-commerce giant’s stock valued at $150,425,000 after purchasing an additional 482 shares in the last quarter. Rokos Capital Management LLP lifted its holdings in shares of Amazon.com by 118.6% during the fourth quarter. Rokos Capital Management LLP now owns 14,221 shares of the e-commerce giant’s stock valued at $47,728,000 after purchasing an additional 90,493 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Amazon.com by 32.7% during the fourth quarter. Public Sector Pension Investment Board now owns 188,001 shares of the e-commerce giant’s stock valued at $626,859,000 after purchasing an additional 46,345 shares in the last quarter. 57.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction on Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the sale, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction on Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the sale, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The disclosure for this sale can be found here. Insiders sold a total of 70,628 shares of company stock valued at $9,802,599 in the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Itau BBA Securities assumed coverage on Amazon.com in a report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 target price on the stock. Evercore ISI lowered their target price on Amazon.com from $205.00 to $180.00 and set an “outperform” rating on the stock in a report on Friday, June 24th. Cowen lowered their target price on Amazon.com from $215.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, July 14th. Redburn Partners assumed coverage on Amazon.com in a report on Wednesday, June 29th. They issued a “buy” rating and a $270.00 target price on the stock. Finally, Credit Suisse Group lowered their target price on Amazon.com from $185.00 to $170.00 and set an “outperform” rating on the stock in a report on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $176.61.

Amazon.com Price Performance

NASDAQ:AMZN opened at $118.54 on Thursday. The firm has a market capitalization of $1.21 trillion, a price-to-earnings ratio of 106.27, a PEG ratio of 5.56 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. The business has a 50 day simple moving average of $130.20 and a 200-day simple moving average of $130.31. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. During the same period in the prior year, the business posted $0.76 earnings per share. Amazon.com’s revenue was up 7.2% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 0.99 EPS for the current year.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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