Fortis Capital Management LLC Has $14.50 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Fortis Capital Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,815 shares of the e-commerce giant’s stock after buying an additional 1,457 shares during the period. Amazon.com comprises about 2.9% of Fortis Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Fortis Capital Management LLC’s holdings in Amazon.com were worth $14,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Prospect Financial Services LLC boosted its position in Amazon.com by 5.3% during the second quarter. Prospect Financial Services LLC now owns 24,588 shares of the e-commerce giant’s stock valued at $4,752,000 after acquiring an additional 1,243 shares during the last quarter. Sapient Capital LLC lifted its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Sapient Capital LLC now owns 538,657 shares of the e-commerce giant’s stock valued at $104,095,000 after purchasing an additional 2,280 shares during the period. Sharp Financial Services LLC bought a new stake in shares of Amazon.com during the 2nd quarter valued at about $477,000. New Hampshire Trust grew its stake in Amazon.com by 1.4% during the second quarter. New Hampshire Trust now owns 65,937 shares of the e-commerce giant’s stock worth $12,742,000 after purchasing an additional 937 shares during the period. Finally, Udine Wealth Management Inc. increased its holdings in Amazon.com by 1.4% in the second quarter. Udine Wealth Management Inc. now owns 17,209 shares of the e-commerce giant’s stock worth $3,326,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.8 %

NASDAQ AMZN opened at $229.05 on Wednesday. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The firm has a 50 day moving average of $206.58 and a two-hundred day moving average of $191.74. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.41 trillion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of several research analyst reports. Redburn Atlantic increased their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho upped their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $243.00.

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.