Fragasso Group Inc. Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Fragasso Group Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,456 shares of the e-commerce giant’s stock after buying an additional 56 shares during the period. Amazon.com accounts for approximately 1.3% of Fragasso Group Inc.’s portfolio, making the stock its 14th largest holding. Fragasso Group Inc.’s holdings in Amazon.com were worth $7,733,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lountzis Asset Management LLC purchased a new position in shares of Amazon.com during the second quarter valued at approximately $28,000. Newfound Research LLC purchased a new position in Amazon.com during the third quarter worth approximately $41,000. Rocky Mountain Advisers LLC purchased a new position in Amazon.com during the third quarter worth approximately $54,000. James Investment Research Inc. purchased a new position in Amazon.com during the second quarter worth approximately $55,000. Finally, Cerebellum GP LLC purchased a new position in Amazon.com during the second quarter worth approximately $69,000. 52.82% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Indra K. Nooyi acquired 8 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were purchased at an average cost of $3,208.60 per share, for a total transaction of $25,668.80. Following the transaction, the director now directly owns 826 shares in the company, valued at approximately $2,650,303.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 6,945 shares of Amazon.com stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $3,061.74, for a total transaction of $21,263,784.30. Following the completion of the sale, the chief executive officer now owns 82,599 shares in the company, valued at $252,896,662.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,441 shares of company stock worth $38,485,392. 16.10% of the stock is currently owned by insiders.

A number of equities analysts have weighed in on the stock. Societe Generale increased their price target on shares of Amazon.com from $2,730.00 to $3,660.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, October 30th. SunTrust Banks reaffirmed a “buy” rating and set a $3,600.00 price target (up previously from $3,400.00) on shares of Amazon.com in a research note on Thursday, July 30th. Sanford C. Bernstein raised their target price on shares of Amazon.com from $3,400.00 to $3,700.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. Finally, BMO Capital Markets raised their target price on shares of Amazon.com from $2,850.00 to $3,500.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $3,580.13.

NASDAQ AMZN opened at $3,099.40 on Friday. The firm has a market capitalization of $1,555.13 billion, a PE ratio of 90.76, a price-to-earnings-growth ratio of 3.21 and a beta of 1.29. The company has a 50-day simple moving average of $3,195.50 and a 200-day simple moving average of $2,974.12. Amazon.com, Inc. has a one year low of $1,626.03 and a one year high of $3,552.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.11.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $7.41 by $4.96. The firm had revenue of $96.15 billion for the quarter, compared to the consensus estimate of $92.56 billion. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. Amazon.com’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period last year, the firm posted $4.23 EPS. Equities analysts forecast that Amazon.com, Inc. will post 33.77 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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