FORA Capital LLC Buys Shares of 1,177 Amazon.com, Inc. (NASDAQ:AMZN)

FORA Capital LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,177 shares of the e-commerce giant’s stock, valued at approximately $258,000.

A number of other institutional investors have also recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. FMR LLC lifted its position in Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after buying an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC boosted its stake in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the last quarter. Finally, Norges Bank purchased a new stake in Amazon.com in the 4th quarter valued at $27,266,582,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company’s stock, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,018,625 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

AMZN stock opened at $200.99 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30. The company’s fifty day simple moving average is $190.05 and its 200 day simple moving average is $208.80. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMZN shares. Wells Fargo & Company decreased their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Wall Street Zen downgraded Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Evercore ISI decreased their price target on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. 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.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $244.09.

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.