Fortis Group Advisors LLC Has $9.38 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Fortis Group Advisors LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,763 shares of the e-commerce giant’s stock after selling 2,225 shares during the quarter. Amazon.com makes up 1.7% of Fortis Group Advisors LLC’s holdings, making the stock its 12th biggest position. Fortis Group Advisors LLC’s holdings in Amazon.com were worth $9,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its holdings in Amazon.com by 2.4% in the 4th quarter. D.A. Davidson & CO. now owns 667,557 shares of the e-commerce giant’s stock valued at $146,455,000 after acquiring an additional 15,914 shares during the period. Citizens & Northern Corp increased its stake in shares of Amazon.com by 10.3% during the fourth quarter. Citizens & Northern Corp now owns 39,690 shares of the e-commerce giant’s stock worth $8,708,000 after purchasing an additional 3,691 shares during the period. Empower Advisory Group LLC lifted its holdings in Amazon.com by 2.0% during the 4th quarter. Empower Advisory Group LLC now owns 1,566,136 shares of the e-commerce giant’s stock worth $343,595,000 after purchasing an additional 30,241 shares during the last quarter. Truist Financial Corp boosted its stake in Amazon.com by 1.8% in the 4th quarter. Truist Financial Corp now owns 4,190,147 shares of the e-commerce giant’s stock valued at $919,276,000 after purchasing an additional 75,872 shares during the period. Finally, Blue Chip Partners LLC grew its holdings in Amazon.com by 5.2% in the 4th quarter. Blue Chip Partners LLC now owns 129,414 shares of the e-commerce giant’s stock valued at $28,392,000 after buying an additional 6,444 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMZN. JMP Securities reissued a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. HSBC boosted their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Wells Fargo & Company lowered their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Redburn Atlantic boosted their price target on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group increased their price target on Amazon.com from $235.00 to $275.00 and gave the stock 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Price Performance

Shares of AMZN opened at $195.74 on Tuesday. The business has a 50-day moving average of $221.02 and a 200-day moving average of $207.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company’s stock.

About Amazon.com

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.