Fortem Financial Group LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Fortem Financial Group LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,076 shares of the e-commerce giant’s stock after acquiring an additional 1,526 shares during the quarter. Amazon.com makes up 1.8% of Fortem Financial Group LLC’s portfolio, making the stock its 13th largest holding. Fortem Financial Group LLC’s holdings in Amazon.com were worth $4,624,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AMZN. Semus Wealth Partners LLC lifted its holdings in shares of Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after buying an additional 49 shares during the period. Bell Investment Advisors Inc boosted its position in Amazon.com by 1.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after purchasing an additional 51 shares in the last quarter. O Connor Financial Group LLC grew its stake in shares of Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after purchasing an additional 55 shares during the period. Cherrydale Wealth Management LLC lifted its stake in shares of Amazon.com by 0.7% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after purchasing an additional 55 shares during the period. Finally, Cedar Point Capital Partners LLC boosted its holdings in Amazon.com by 4.4% during the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after buying an additional 56 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Tuesday, December 10th. Truist Financial boosted their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Evercore ISI increased their target price on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. DA Davidson restated a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Finally, UBS Group lifted their target price on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $245.65.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $225.94 on Monday. The business’s 50-day simple moving average is $217.91 and its 200 day simple moving average is $196.28. The company has a market cap of $2.38 trillion, a P/E ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The stock was 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 of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This trade represents a 4.79 % 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 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.