Forum Financial Management LP Has $14.87 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)
Forum Financial Management LP boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,849 shares of the e-commerce giant’s stock after buying an additional 8,796 shares during the quarter. Amazon.com comprises 0.3% of Forum Financial Management LP’s portfolio, making the stock its 25th biggest holding. Forum Financial Management LP’s holdings in Amazon.com were worth $14,867,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC bought a new stake in Amazon.com during the fourth quarter valued at about $43,000. Harbor Investment Advisory LLC boosted its holdings in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the period. Authentikos Wealth Advisory LLC bought a new stake in Amazon.com during the third quarter valued at about $49,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Amazon.com during the fourth quarter valued at about $57,000. 72.20% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AMZN has been the subject of several research reports. BMO Capital Markets increased their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. JMP Securities restated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Loop Capital raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Wedbush reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $212.40.
View Our Latest Stock Report on Amazon.com
Insider Activity at Amazon.com
In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the sale, the chief executive officer now directly owns 2,025,358 shares in the company, valued at approximately $367,480,955.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the sale, the chief executive officer now directly owns 2,025,358 shares in the company, valued at approximately $367,480,955.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,338 shares of company stock valued at $11,363,829. 10.80% of the stock is owned by corporate insiders.
Amazon.com Trading Down 1.6 %
AMZN opened at $176.44 on Monday. The stock has a market capitalization of $1.84 trillion, a P/E ratio of 49.42, a P/E/G ratio of 1.26 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $191.70. The firm’s fifty day simple moving average is $182.34 and its 200 day simple moving average is $167.69. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.
Amazon.com 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.
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