Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by Fairman Group LLC

Fairman Group LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 80.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,902 shares of the e-commerce giant’s stock after purchasing an additional 1,742 shares during the quarter. Amazon.com makes up approximately 0.8% of Fairman Group LLC’s portfolio, making the stock its 21st largest position. Fairman Group LLC’s holdings in Amazon.com were worth $754,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 4th quarter worth $30,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at $46,000. Steph & Co. bought a new stake in Amazon.com during the 1st quarter worth approximately $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com during the 1st quarter worth about $69,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on AMZN shares. The Goldman Sachs Group dropped their price objective on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Tigress Financial boosted their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Truist Financial upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Barclays lifted their target price on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Robert W. Baird lifted their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. One investment analyst has rated the stock with a hold rating, forty have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $222.84.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.9 %

Shares of NASDAQ:AMZN opened at $191.60 on Monday. The company has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The business’s 50-day moving average is $178.54 and its 200-day moving average is $182.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Equities research analysts predict that Amazon.com, Inc. will post 4.86 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.