FSA Wealth Management LLC Invests $414,000 in Amazon.com, Inc. (NASDAQ:AMZN)

FSA Wealth Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,220 shares of the e-commerce giant’s stock, valued at approximately $414,000.

A number of other hedge funds have also bought and sold shares of the business. B&L Asset Management LLC acquired a new position in shares of Amazon.com during the 3rd quarter worth approximately $1,654,000. Erste Asset Management GmbH bought a new stake in shares of Amazon.com in the third quarter valued at approximately $94,974,000. True Wealth Design LLC grew its position in Amazon.com by 17.5% during the third quarter. True Wealth Design LLC now owns 1,696 shares of the e-commerce giant’s stock worth $316,000 after buying an additional 252 shares in the last quarter. Plotkin Financial Advisors LLC bought a new position in Amazon.com during the 3rd quarter worth $1,448,000. Finally, Timber Creek Capital Management LLC raised its holdings in Amazon.com by 2.1% in the 3rd quarter. Timber Creek Capital Management LLC now owns 68,914 shares of the e-commerce giant’s stock valued at $12,841,000 after acquiring an additional 1,388 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Benchmark increased their target price on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Wells Fargo & Company restated an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a research report on Wednesday, November 20th. Tigress Financial increased their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, Susquehanna boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.67.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN opened at $222.13 on Friday. The firm has a market cap of $2.34 trillion, a PE ratio of 47.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $148.21 and a 52-week high of $233.00. The business’s 50 day moving average price is $215.78 and its two-hundred day moving average price is $195.11. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current 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.