FORA Capital LLC Sells 34,504 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on May 25th, 2023

FORA Capital LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 31.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,001 shares of the e-commerce giant’s stock after selling 34,504 shares during the quarter. Amazon.com accounts for about 1.0% of FORA Capital LLC’s holdings, making the stock its 15th largest position. FORA Capital LLC’s holdings in Amazon.com were worth $6,216,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMZN. Fiduciary Planning LLC lifted its holdings in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares in the last quarter. HBC Financial Services PLLC increased its stake in Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. raised its holdings in Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares during the period. Alterna Wealth Management Inc. lifted its stake in Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners boosted its holdings in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AMZN. StockNews.com assumed coverage on shares of Amazon.com in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. boosted their price target on Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Oppenheimer decreased their price objective on Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, April 6th. Wells Fargo & Company cut their target price on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Amazon.com in a research note on Wednesday, April 12th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.12.

Amazon.com Trading Up 1.5 %

Shares of NASDAQ:AMZN opened at $116.75 on Thursday. The business’s 50 day simple moving average is $104.89 and its 200 day simple moving average is $97.55. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The company has a market capitalization of $1.20 trillion, a P/E ratio of 277.98, a P/E/G ratio of 4.00 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. Amazon.com’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CFO Brian T. Olsavsky sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $116.69, for a total transaction of $1,960,392.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $5,717,810. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Brian T. Olsavsky sold 16,800 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $116.69, for a total transaction of $1,960,392.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $5,717,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold a total of 75,144 shares of company stock valued at $8,405,887 in the last ninety days. 12.70% of the stock is currently owned by company insiders.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.