Foster Victor Wealth Advisors LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the first quarter, Holdings Channel reports. The institutional investor owned 162,060 shares of the e-commerce giant’s stock after buying an additional 9,058 shares during the quarter. Amazon.com comprises about 2.0% of Foster Victor Wealth Advisors LLC’s portfolio, making the stock its 5th largest holding. Foster Victor Wealth Advisors LLC’s holdings in Amazon.com were worth $16,846,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. USAdvisors Wealth Management LLC increased its stake in Amazon.com by 12.5% in the fourth quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock valued at $272,000 after purchasing an additional 359 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at approximately $426,000. Veritas Asset Management LLP increased its stake in Amazon.com by 19.6% in the fourth quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock valued at $660,964,000 after purchasing an additional 1,286,797 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp increased its stake in Amazon.com by 1.2% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock valued at $35,405,000 after purchasing an additional 3,840 shares during the last quarter. Finally, Sarasin & Partners LLP increased its stake in Amazon.com by 0.7% in the fourth quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock valued at $207,350,000 after purchasing an additional 17,993 shares during the last quarter. 56.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
AMZN has been the subject of several research analyst reports. Sanford C. Bernstein increased their price objective on Amazon.com from $125.00 to $140.00 in a report on Wednesday, May 31st. Jefferies Financial Group increased their price objective on Amazon.com from $135.00 to $150.00 in a report on Wednesday, June 21st. Wolfe Research increased their price objective on Amazon.com from $140.00 to $150.00 in a report on Monday. JPMorgan Chase & Co. increased their price objective on Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Amazon.com from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, April 18th. Three analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.93.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same period in the previous year, the business earned $0.21 EPS. Amazon.com’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 1.56 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $103.77, for a total value of $53,960.40. Following the completion of the sale, the chief executive officer now directly owns 136,780 shares in the company, valued at approximately $14,193,660.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $103.77, for a total value of $53,960.40. Following the completion of the sale, the chief executive officer now directly owns 136,780 shares in the company, valued at approximately $14,193,660.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 21,925 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total value of $2,529,487.25. Following the completion of the sale, the chief executive officer now owns 1,997,681 shares of the company’s stock, valued at $230,472,456.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,845 shares of company stock worth $8,536,085. 12.70% of the stock is currently owned by insiders.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
Recommended Stories
- Five stocks we like better than Amazon.com
- Contrarian Play: Beyond Meat Is At An Inflection Point
- Alibaba Just Flashed Green, Very Green
- This Small Cap Stock Surged Over 100%
- The CPI Data Isn’t As Good As You Think It Is
- How to Invest in Gold and Silver
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
