Fedenia Advisers LLC Acquires 1,439 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Fedenia Advisers LLC increased its stake in Amazon.com, Inc. by 12.2% during the first quarter, now holding 13,186 shares valued at approximately $2.5 million.
• Amazon reported a net margin of 10.14% and earnings per share (EPS) of $1.59, exceeding analysts' expectations for the latest quarter.
• Institutional investors and hedge funds own 72.20% of Amazon's stock, indicating strong institutional support for the company.

Fedenia Advisers LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,186 shares of the e-commerce giant's stock after purchasing an additional 1,439 shares during the quarter. Amazon.com comprises about 1.6% of Fedenia Advisers LLC's investment portfolio, making the stock its 15th biggest position. Fedenia Advisers LLC's holdings in Amazon.com were worth $2,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management acquired a new stake in Amazon.com in the fourth quarter valued at approximately $35,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 0.4%

Amazon.com stock traded down $0.82 during mid-day trading on Wednesday, hitting $230.19. The company's stock had a trading volume of 32,258,949 shares, compared to its average volume of 33,970,456. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a market cap of $2.44 trillion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm's 50 day moving average is $217.31 and its 200 day moving average is $209.12.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 25,102,037 shares of company stock valued at $5,674,871,223. 9.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMZN shares. Royal Bank Of Canada cut their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. JMP Securities upped their target price on Amazon.com from $250.00 to $285.00 and gave the company a "market outperform" rating in a research report on Thursday, July 10th. BMO Capital Markets raised their price target on shares of Amazon.com from $233.00 to $270.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a report on Friday, June 27th. Finally, Bank of America increased their price target on shares of Amazon.com from $248.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $255.52.

Amazon.com Company 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.