Forum Financial Management LP Has $18.91 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Forum Financial Management LP decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,853 shares of the e-commerce giant’s stock after selling 1,084 shares during the period. Amazon.com makes up 0.3% of Forum Financial Management LP’s holdings, making the stock its 22nd biggest holding. Forum Financial Management LP’s holdings in Amazon.com were worth $18,910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Lodestar Private Asset Management LLC raised its holdings in shares of Amazon.com by 1.6% during the second quarter. Lodestar Private Asset Management LLC now owns 49,998 shares of the e-commerce giant’s stock valued at $9,662,000 after purchasing an additional 807 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Amazon.com by 4.3% during the second quarter. International Assets Investment Management LLC now owns 186,384 shares of the e-commerce giant’s stock valued at $36,019,000 after purchasing an additional 7,676 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Amazon.com by 3.9% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,249,271 shares of the e-commerce giant’s stock valued at $241,422,000 after purchasing an additional 46,499 shares during the period. iA Global Asset Management Inc. raised its holdings in shares of Amazon.com by 13.3% during the second quarter. iA Global Asset Management Inc. now owns 2,312,314 shares of the e-commerce giant’s stock valued at $446,855,000 after purchasing an additional 270,775 shares during the period. Finally, Atlas Capital Advisors LLC raised its holdings in shares of Amazon.com by 631.3% during the second quarter. Atlas Capital Advisors LLC now owns 45,715 shares of the e-commerce giant’s stock valued at $8,834,000 after purchasing an additional 39,464 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $193.96 on Wednesday. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 54.33, a PEG ratio of 1.39 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $178.59 and its 200 day moving average is $182.35. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wedbush reiterated an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. UBS Group boosted their target price on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. TD Cowen boosted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Evercore ISI boosted their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a research report on Thursday, September 19th. One research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average target price of $222.84.

Amazon.com Company 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.