Forum Financial Management LP grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the second quarter, Holdings Channel.com reports. The firm owned 87,917 shares of the e-commerce giant’s stock after buying an additional 5,413 shares during the period. Amazon.com comprises about 0.3% of Forum Financial Management LP’s portfolio, making the stock its 24th biggest holding. Forum Financial Management LP’s holdings in Amazon.com were worth $11,461,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Kavar Capital Partners Group LLC raised its stake in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares in the last quarter. Markel Corp lifted its stake in Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC grew its position in Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
AMZN has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $175.00 price objective on shares of Amazon.com in a research note on Monday, October 16th. Piper Sandler increased their price target on Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. Telsey Advisory Group restated an “outperform” rating and issued a $160.00 price objective on shares of Amazon.com in a research note on Wednesday, October 11th. StockNews.com upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $145.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.21.
Amazon.com Price Performance
AMZN opened at $126.56 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The company’s 50 day simple moving average is $133.13 and its 200-day simple moving average is $125.26. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $145.86. The stock has a market capitalization of $1.31 trillion, a P/E ratio of 99.65, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The firm had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. Sell-side analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total transaction of $69,240.00. Following the transaction, the chief executive officer now directly owns 106,520 shares in the company, valued at approximately $14,750,889.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the completion of the sale, the senior vice president now owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the completion of the transaction, the chief executive officer now directly owns 106,520 shares in the company, valued at approximately $14,750,889.60. The disclosure for this sale can be found here. Insiders sold a total of 1,408,645 shares of company stock worth $55,208,288 over the last three months. 12.70% of the stock is currently owned by company insiders.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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