Mayfair Advisory Group LLC Acquires 889 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mayfair Advisory Group LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,025 shares of the e-commerce giant’s stock after acquiring an additional 889 shares during the quarter. Mayfair Advisory Group LLC’s holdings in Amazon.com were worth $937,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMZN. China Universal Asset Management Co. Ltd. increased its position in Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after acquiring an additional 43,759 shares during the last quarter. Quent Capital LLC increased its position in Amazon.com by 3.3% during the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after acquiring an additional 1,081 shares during the last quarter. Tradewinds LLC. purchased a new stake in Amazon.com in the first quarter worth about $8,259,000. Private Management Group Inc. increased its position in Amazon.com by 8.0% in the first quarter. Private Management Group Inc. now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after buying an additional 225 shares in the last quarter. Finally, Fortis Capital Advisors LLC increased its position in Amazon.com by 30.2% in the first quarter. Fortis Capital Advisors LLC now owns 39,247 shares of the e-commerce giant’s stock worth $7,079,000 after buying an additional 9,104 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,026,683 shares of company stock valued at $1,252,148,795 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $207.89 on Friday. The stock has a 50-day moving average of $194.78 and a two-hundred day moving average of $186.94. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market cap of $2.19 trillion, a P/E ratio of 44.52, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of analyst reports. DA Davidson restated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Truist Financial upped their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada upped their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets restated an “outperform” rating and issued a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.20.

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.