Forum Private Client Group LLC Invests $350,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Forum Private Client Group LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,596 shares of the e-commerce giant’s stock, valued at approximately $350,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $749,000. Rench Wealth Management Inc. lifted its stake in Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after acquiring an additional 3,703 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Finally, Blankinship & Foster LLC raised its holdings in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after purchasing an additional 4,740 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.9 %

AMZN stock opened at $186.35 on Tuesday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $189.92 and its 200-day moving average is $208.04. The firm has a market cap of $1.98 trillion, a P/E ratio of 33.70, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMZN. Stifel Nicolaus decreased their price objective on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a report on Friday. Jefferies Financial Group decreased their price target on Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Raymond James reiterated an “outperform” rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $243.55.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. The trade was a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 5,848 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the sale, the senior vice president now directly owns 69,162 shares of the company’s stock, valued at approximately $15,265,436.64. The trade was a 7.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 107,298 shares of company stock valued at $23,818,478. 9.70% of the stock is owned by insiders.

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.