Fermata Advisors LLC Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Mar 13th, 2023

Fermata Advisors LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 13.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,205 shares of the e-commerce giant’s stock after selling 2,127 shares during the quarter. Fermata Advisors LLC’s holdings in Amazon.com were worth $1,492,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Iron Horse Wealth Management LLC lifted its stake in shares of Amazon.com by 4,540.0% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 227 shares during the period. Wells Financial Advisors INC lifted its stake in shares of Amazon.com by 1,900.0% in the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares during the period. Knott David M Jr bought a new position in shares of Amazon.com in the 2nd quarter worth approximately $32,000. Laurel Wealth Planning LLC lifted its stake in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the period. Finally, Baron Financial Group LLC lifted its stake in shares of Amazon.com by 1,900.0% in the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 342 shares during the period. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on AMZN shares. Wedbush decreased their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Robert W. Baird raised their target price on shares of Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Wells Fargo & Company decreased their target price on shares of Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Barclays raised their target price on shares of Amazon.com from $130.00 to $150.00 in a research note on Friday, February 3rd. Finally, DA Davidson raised their target price on shares of Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.87.

Amazon.com Stock Down 1.6 %

Shares of AMZN opened at $90.73 on Monday. The firm has a market capitalization of $929.73 billion, a P/E ratio of -338.53, a P/E/G ratio of 3.74 and a beta of 1.25. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $95.85 and a 200-day moving average price of $102.56.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the sale, the chief executive officer now directly owns 1,964,506 shares in the company, valued at $194,780,769.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the transaction, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The disclosure for this sale can be found here. Insiders sold 71,394 shares of company stock worth $6,994,626 over the last three months. 12.70% of the stock is owned by corporate insiders.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.