Fonville Wealth Management LLC Acquires 1,010 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Fonville Wealth Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,404 shares of the e-commerce giant’s stock after purchasing an additional 1,010 shares during the quarter. Fonville Wealth Management LLC’s holdings in Amazon.com were worth $1,752,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. China Universal Asset Management Co. Ltd. increased its holdings in shares of Amazon.com by 31.6% in 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 purchasing an additional 43,759 shares in the last quarter. Quent Capital LLC boosted its position in Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after buying an additional 1,081 shares during the last quarter. London & Capital Asset Management Ltd increased its stake in shares of Amazon.com by 2.1% in the 1st quarter. London & Capital Asset Management Ltd now owns 71,454 shares of the e-commerce giant’s stock valued at $12,889,000 after buying an additional 1,436 shares during the period. Steadfast Capital Management LP raised its position in shares of Amazon.com by 11.8% during the first quarter. Steadfast Capital Management LP now owns 1,354,600 shares of the e-commerce giant’s stock worth $244,343,000 after acquiring an additional 142,500 shares during the last quarter. Finally, Talisman Wealth Advisors LLC lifted its stake in shares of Amazon.com by 5.1% during the first quarter. Talisman Wealth Advisors LLC now owns 4,349 shares of the e-commerce giant’s stock valued at $784,000 after acquiring an additional 210 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMZN. Royal Bank of Canada boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. TD Cowen raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus raised their price target on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $236.20.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction on 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 sale, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,030,183 shares of company stock worth $1,252,883,795 over the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 2.9 %

NASDAQ AMZN opened at $227.03 on Monday. Amazon.com, Inc. has a twelve month low of $143.64 and a twelve month high of $227.15. The business’s fifty day moving average is $197.39 and its 200 day moving average is $188.15. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.39 trillion, a price-to-earnings ratio of 48.61, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released 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 company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal 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.