Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lessened by Forum Financial Management LP

Forum Financial Management LP reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 112,256 shares of the e-commerce giant’s stock after selling 3,346 shares during the quarter. Amazon.com makes up 0.4% of Forum Financial Management LP’s portfolio, making the stock its 20th biggest position. Forum Financial Management LP’s holdings in Amazon.com were worth $21,358,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares during the last quarter. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter valued at $40,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Citizens Jmp assumed coverage on shares of Amazon.com in a research report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Monness Crespi & Hardt lifted their price target on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 1st. Scotiabank lifted their price target on Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 price target on shares of Amazon.com in a report on Wednesday. Finally, Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $262.87.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the transaction, the chief executive officer owned 512,050 shares in the company, valued at $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,096,253 shares of company stock valued at $5,673,745,409 in the last 90 days. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $230.98 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The stock’s 50-day moving average price is $221.06 and its two-hundred day moving average price is $208.69. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.46 trillion, a PE ratio of 35.21, a PEG ratio of 1.51 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.