Fairway Wealth LLC Makes New $131,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Fairway Wealth LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 680 shares of the e-commerce giant’s stock, valued at approximately $131,000.

A number of other large investors have also added to or reduced their stakes in AMZN. Moody National Bank Trust Division grew its position in shares of Amazon.com by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 91,942 shares of the e-commerce giant’s stock valued at $16,584,000 after acquiring an additional 822 shares during the period. S. R. Schill & Associates grew its position in shares of Amazon.com by 16.2% during the 1st quarter. S. R. Schill & Associates now owns 15,969 shares of the e-commerce giant’s stock valued at $2,881,000 after acquiring an additional 2,223 shares during the period. VERITY Wealth Advisors grew its position in shares of Amazon.com by 15.6% during the 1st quarter. VERITY Wealth Advisors now owns 2,220 shares of the e-commerce giant’s stock valued at $400,000 after acquiring an additional 300 shares during the period. Somerset Trust Co grew its position in shares of Amazon.com by 11.3% during the 1st quarter. Somerset Trust Co now owns 2,444 shares of the e-commerce giant’s stock valued at $441,000 after acquiring an additional 249 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC grew its position in shares of Amazon.com by 1.1% during the 1st quarter. Norman Fields Gottscho Capital Management LLC now owns 42,226 shares of the e-commerce giant’s stock valued at $7,617,000 after acquiring an additional 461 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMZN. BMO Capital Markets reissued an “outperform” rating and set a $230.00 price objective on shares of Amazon.com in a research report on Thursday, September 19th. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Wolfe Research assumed coverage on shares of Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price for the company. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Finally, Robert W. Baird upped their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $187.53 on Friday. 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 company has a market capitalization of $1.95 trillion, a P/E ratio of 52.53, a P/E/G ratio of 1.38 and a beta of 1.14. The company’s 50-day simple moving average is $181.54 and its two-hundred day simple moving average is $183.35. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current year.

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.