Amazon.com, Inc. (NASDAQ:AMZN) is Foster Victor Wealth Advisors LLC's 4th Largest Position

Foster Victor Wealth Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,822 shares of the e-commerce giant's stock after purchasing an additional 25,446 shares during the period. Amazon.com makes up 2.2% of Foster Victor Wealth Advisors LLC's investment portfolio, making the stock its 4th largest position. Foster Victor Wealth Advisors LLC's holdings in Amazon.com were worth $31,076,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMZN. PayPay Securities Corp grew its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com during the third quarter worth about $37,000. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com in the first quarter valued at approximately $69,000. Finally, Innealta Capital LLC purchased a new stake in Amazon.com during the 2nd quarter worth approximately $77,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the sale, the director now directly owns 94,630 shares in the company, valued at $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. Insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMZN shares. Roth Mkm upped their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Piper Sandler lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a "buy" rating in a report on Friday, November 1st. Monness Crespi & Hardt boosted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Oppenheimer raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $235.45.

Amazon.com Price Performance

AMZN stock traded down $2.62 during trading on Thursday, reaching $211.48. 42,554,968 shares of the company were exchanged, compared to its average volume of 41,427,273. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.22 trillion, a P/E ratio of 45.53, a PEG ratio of 1.40 and a beta of 1.14. The stock's 50 day moving average price is $189.87 and its 200 day moving average price is $185.36.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

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.