Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Fortis Capital Management LLC

Fortis Capital Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,330 shares of the e-commerce giant’s stock after selling 998 shares during the period. Amazon.com comprises 2.5% of Fortis Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Fortis Capital Management LLC’s holdings in Amazon.com were worth $8,050,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Mayflower Financial Advisors LLC grew its stake in Amazon.com by 0.3% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares in the last quarter. PayPay Securities Corp grew its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. Laurel Wealth Planning LLC grew its stake in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in Amazon.com during the 4th quarter valued at about $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders have sold 6,080,878 shares of company stock valued at $1,033,083,657 in the last ninety days. Insiders own 12.30% of the company’s stock.

Amazon.com Trading Up 2.7 %

Shares of NASDAQ:AMZN opened at $174.45 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $154.41 and its two-hundred day moving average is $142.30. The company has a market cap of $1.81 trillion, a PE ratio of 60.16, a P/E/G ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $88.12 and a 52 week high of $175.00.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. Equities analysts predict that Amazon.com, Inc. will post 4.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Tigress Financial upped their price objective on shares of Amazon.com from $204.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Mizuho upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Telsey Advisory Group upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Piper Sandler boosted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Barclays boosted their target price on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus price target of $197.95.

View Our Latest Analysis on AMZN

Amazon.com Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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