Amazon.com, Inc. (NASDAQ:AMZN) is Forte Capital LLC ADV’s 5th Largest Position

Forte Capital LLC ADV decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,878 shares of the e-commerce giant’s stock after selling 718 shares during the quarter. Amazon.com makes up 3.2% of Forte Capital LLC ADV’s portfolio, making the stock its 5th biggest holding. Forte Capital LLC ADV’s holdings in Amazon.com were worth $26,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management purchased a new position in Amazon.com during the 4th quarter valued at approximately $35,000. Cooksen Wealth LLC purchased a new position in Amazon.com during the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com during the 1st quarter valued at approximately $40,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. Company insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Benchmark restated a “buy” rating and set a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Susquehanna raised their target price on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday, August 1st. Pivotal Research lifted their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $262.87.

Amazon.com Trading Up 2.9%

Shares of NASDAQ AMZN opened at $230.98 on Friday. The stock has a market capitalization of $2.46 trillion, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. The business has a fifty day moving average price of $221.06 and a 200 day moving average price of $208.69. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 6.31 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.