Foundations Investment Advisors LLC Acquires 12,775 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Foundations Investment Advisors LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,202 shares of the e-commerce giant’s stock after acquiring an additional 12,775 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Amazon.com were worth $32,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Collective Family Office LLC grew its stake in shares of Amazon.com by 9.7% during the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after acquiring an additional 819 shares during the period. Phillips Wealth Planners LLC boosted its position in Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after purchasing an additional 224 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Amazon.com in the fourth quarter worth about $5,926,000. Concord Investment Counsel Inc. purchased a new position in shares of Amazon.com in the first quarter worth about $20,790,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Amazon.com by 26.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock valued at $116,222,000 after purchasing an additional 133,471 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Maxim Group raised their price target on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. UBS Group lifted their target price on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research report on Friday, August 2nd. Jefferies Financial Group cut their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $223.65.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,634,860 shares of company stock valued at $926,639,482. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $184.76 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 51.75, a P/E/G ratio of 1.46 and a beta of 1.14. The business has a 50-day moving average of $179.05 and a two-hundred day moving average of $182.83. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, equities research analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current fiscal 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.