FAS Wealth Partners Inc. Has $13.03 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

FAS Wealth Partners Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,464 shares of the e-commerce giant's stock after buying an additional 1,507 shares during the quarter. Amazon.com makes up about 1.1% of FAS Wealth Partners Inc.'s portfolio, making the stock its 23rd biggest position. FAS Wealth Partners Inc.'s holdings in Amazon.com were worth $13,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. FMR LLC increased its position in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $231.03 on Friday. The stock has a market capitalization of $2.46 trillion, a PE ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The business has a fifty day moving average price of $221.41 and a two-hundred day moving average price of $208.44. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the previous year, the firm earned $1.26 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Wall Street Zen raised Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Scotiabank boosted their price target on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 22nd. Bank of America boosted their price target on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Roth Capital set a $250.00 price target on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. One 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $262.87.

About Amazon.com

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.

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