FDx Advisors Inc. Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

FDx Advisors Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,039 shares of the e-commerce giant’s stock after buying an additional 270 shares during the period. FDx Advisors Inc.’s holdings in Amazon.com were worth $2,100,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC increased its position in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors increased its position in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after acquiring an additional 12,000,745 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares in the company, valued at $111,114,850. The trade was a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,102,037 shares of company stock worth $5,674,937,048. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Down 0.2%

Shares of AMZN stock opened at $222.69 on Friday. The stock has a market cap of $2.37 trillion, a P/E ratio of 33.95, a PEG ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $219.65 and its two-hundred day simple moving average is $208.98.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 EPS. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $265.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Pivotal Research raised their price target on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Oppenheimer reduced their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $262.45.

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.