Fermata Advisors LLC increases its stake in Amazon.com, Inc. (NASDAQ:AMZN)

Fermata Advisors LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 12.4% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The fund held 16,292 shares of the e-commerce giant after acquiring an additional 1,799 shares during the quarter. Fermata Advisors LLC’s stake in Amazon.com was worth $2,939,000 at the end of the last quarter.

A number of other institutional investors and hedge funds have also recently adjusted their holdings in AMZN. In the fourth quarter, Vanguard Group Inc. increased its shares in Amazon.com by 1.7%. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after purchasing an additional 13,134,632 shares during the period. FMR LLC increased its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Norges Bank purchased a new position on Amazon.com during the fourth quarter valued at $17,700,551,000. Northern Trust Corp increased its holdings in Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Finally, Jennison Associates LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after purchasing an additional 1,389,503 shares during the period. 72.20% of the shares are held by hedge funds and other institutional investors.

Confidential activity

In other Amazon.com news, Vice President Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21. The shares were sold for an average price of $181.39, for a total value of $489,753.00. Following the transaction, the Vice President now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in documents filed with the Securities & Exchange Commission, which are available on the SEC’s website. In other Amazon.com news, Vice President Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21. The shares were sold for an average price of $181.39, for a total value of $489,753.00. Following the transaction, the Vice President now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in documents filed with the Securities and Exchange Commission, which are available on the SEC website. Additionally, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4. The shares were sold for an average price of $184.00, for a total transaction value of $92,000.00. Following the completion of the transaction, the CEO now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. Disclosure of this sale can be found here. Over the last quarter, insiders sold 65,338 shares of the company’s stock, valued at $11,894,344. Corporate insiders own 10.80% of the company’s stock.

Amazon.com sees a 2.3% drop

AMZN opened at $193.25 on Friday. The company has a market capitalization of $2.01 trillion, a P/E ratio of 54.13, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. it has a 12-month low of $118.35 and a 12-month high of $199.84. The company has a current ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $183.87 and a 200-day moving average of $172.93.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue increased 12.5% ​​compared to the same quarter last year. During the same quarter last year, the company earned $0.31 per share. Analysts are forecasting that Amazon.com, Inc., as a group, will post 4.72 EPS for the current year.

Changes in analyst ratings

Several brokerage houses commented on AMZN. Benchmark reissued a “buy” rating and set a price target for Amazon.com stock at $200.00 in a report on Wednesday, May 1st. Evercore ISI raised their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Citigroup raised their target price on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JMP Securities reaffirmed a market outperform rating and set a price target on shares of Amazon.com of $225.00 in a report on Wednesday, May 1st. Finally, Loop Capital increased their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6th. One equity research analyst rated the company with a hold rating, forty-three issued a buy rating and one gave a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $215.86.

Read our latest report on Amazon.com

Amazon.com company profile

(Free Report)

Amazon.com, Inc. engages in consumer products retailing, advertising and subscription services through online and physical stores in North America and internationally. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and also develops and produces multimedia content.

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