Forza Wealth Management LLC Purchases 106 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Forza Wealth Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,781 shares of the e-commerce giant’s stock after acquiring an additional 106 shares during the period. Forza Wealth Management LLC’s holdings in Amazon.com were worth $610,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AMZN. Kades & Cheifetz LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $219,000. Accelerate Investment Advisors LLC boosted its stake in Amazon.com by 2.9% in the 4th quarter. Accelerate Investment Advisors LLC now owns 13,386 shares of the e-commerce giant’s stock worth $2,937,000 after purchasing an additional 378 shares during the period. Cooper Financial Group grew its holdings in shares of Amazon.com by 4.8% in the 4th quarter. Cooper Financial Group now owns 106,264 shares of the e-commerce giant’s stock valued at $23,313,000 after acquiring an additional 4,899 shares in the last quarter. Cadent Capital Advisors LLC grew its holdings in shares of Amazon.com by 286.5% in the 4th quarter. Cadent Capital Advisors LLC now owns 8,848 shares of the e-commerce giant’s stock valued at $1,941,000 after acquiring an additional 6,559 shares in the last quarter. Finally, Wedmont Private Capital lifted its stake in Amazon.com by 7.7% in the 4th quarter. Wedmont Private Capital now owns 140,256 shares of the e-commerce giant’s stock valued at $30,708,000 after purchasing an additional 10,032 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research note on Friday, January 10th. Moffett Nathanson boosted their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Raymond James lifted their price target on shares of Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a report on Tuesday. Finally, Piper Sandler boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $247.72.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $235.01 on Thursday. The company has a market cap of $2.47 trillion, a PE ratio of 50.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. The stock has a 50-day moving average of $218.73 and a 200-day moving average of $196.68. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $235.44. 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 (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

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.