Forvis Mazars Wealth Advisors LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Forvis Mazars Wealth Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,877 shares of the e-commerce giant’s stock after buying an additional 943 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Amazon.com were worth $12,698,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. AMF Tjanstepension AB boosted its stake in Amazon.com by 44.3% during the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares during the period. Swedbank AB raised its holdings in shares of Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after buying an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC acquired a new stake in shares of Amazon.com during the third quarter worth about $279,000. Howard Capital Management Group LLC grew its holdings in shares of Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after buying an additional 897 shares during the last quarter. Finally, Meridian Management Co. increased its position in Amazon.com by 27.6% in the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock valued at $6,235,000 after acquiring an additional 7,246 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 8,833 shares of the 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. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AMZN shares. UBS Group upped their price target on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Morgan Stanley upped their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. DA Davidson lifted their target price on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Moffett Nathanson increased their price target on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, HSBC lifted their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $203.26 on Tuesday. The company has a 50-day simple moving average of $218.60 and a 200-day simple moving average of $208.62. 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 cap of $2.15 trillion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

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

Amazon.com 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.