Amazon.com, Inc. (NASDAQ:AMZN) Position Raised by Foster Victor Wealth Advisors LLC

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Foster Victor Wealth Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 47.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,897 shares of the e-commerce giant’s stock after purchasing an additional 612 shares during the quarter. Amazon.com makes up approximately 1.8% of Foster Victor Wealth Advisors LLC’s portfolio, making the stock its 7th largest holding. Foster Victor Wealth Advisors LLC’s holdings in Amazon.com were worth $3,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Pachira Investments Inc. raised its stake in Amazon.com by 4.3% in the second quarter. Pachira Investments Inc. now owns 120 shares of the e-commerce giant’s stock valued at $227,000 after purchasing an additional 5 shares in the last quarter. West Oak Capital LLC raised its stake in Amazon.com by 0.3% in the second quarter. West Oak Capital LLC now owns 1,455 shares of the e-commerce giant’s stock valued at $2,755,000 after purchasing an additional 5 shares in the last quarter. Dorsey Wright & Associates raised its stake in Amazon.com by 0.4% in the second quarter. Dorsey Wright & Associates now owns 1,476 shares of the e-commerce giant’s stock valued at $2,795,000 after purchasing an additional 6 shares in the last quarter. RDA Financial Network raised its stake in Amazon.com by 0.8% in the second quarter. RDA Financial Network now owns 806 shares of the e-commerce giant’s stock valued at $1,574,000 after purchasing an additional 6 shares in the last quarter. Finally, Altman Advisors Inc. raised its stake in Amazon.com by 0.3% in the second quarter. Altman Advisors Inc. now owns 1,962 shares of the e-commerce giant’s stock valued at $3,715,000 after purchasing an additional 6 shares in the last quarter. 55.71% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, July 29th. Bank of America reiterated a “buy” rating and set a $2,350.00 price target (up from $2,300.00) on shares of Amazon.com in a research report on Friday, July 26th. MKM Partners reiterated a “buy” rating and set a $2,350.00 price target (up from $2,240.00) on shares of Amazon.com in a research report on Friday, August 2nd. Jefferies Financial Group reiterated a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a research report on Tuesday, September 17th. Finally, KeyCorp reiterated an “overweight” rating and set a $2,200.00 price target (up from $2,100.00) on shares of Amazon.com in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-nine have given a buy rating to the stock. Amazon.com has an average rating of “Buy” and an average price target of $2,255.67.

In related news, Director Indra K. Nooyi purchased 100 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were acquired at an average price of $1,726.06 per share, for a total transaction of $172,606.00. Following the completion of the acquisition, the director now directly owns 250 shares in the company, valued at approximately $431,515. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 1,765 shares of Amazon.com stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,783.00, for a total transaction of $3,146,995.00. Following the completion of the sale, the chief financial officer now owns 2,480 shares in the company, valued at approximately $4,421,840. The disclosure for this sale can be found here. Insiders sold 22,443 shares of company stock worth $40,205,835 in the last 90 days. Company insiders own 16.10% of the company’s stock.

Shares of Amazon.com stock opened at $1,731.92 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,035.80. The stock has a market capitalization of $851.79 billion, a price-to-earnings ratio of 71.45, a P/E/G ratio of 2.19 and a beta of 1.54. The company’s 50 day moving average price is $1,774.91 and its 200-day moving average price is $1,847.16.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The firm had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. During the same quarter in the prior year, the business posted $5.07 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 24.01 earnings per share for the current fiscal year.

Amazon.com Company Profile

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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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