Forum Financial Management LP Sells 3,346 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Forum Financial Management LP lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,256 shares of the e-commerce giant's stock after selling 3,346 shares during the quarter. Amazon.com accounts for about 0.4% of Forum Financial Management LP's investment portfolio, making the stock its 20th biggest holding. Forum Financial Management LP's holdings in Amazon.com were worth $21,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Western Wealth Management LLC grew its stake in shares of Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth about $749,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Amazon.com during the first quarter worth about $514,000. Segall Bryant & Hamill LLC grew its stake in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after buying an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC acquired a new stake in Amazon.com during the fourth quarter worth about $12,014,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Up 0.0%

Shares of AMZN traded up $0.05 during trading hours on Friday, hitting $231.03. The company had a trading volume of 39,600,434 shares, compared to its average volume of 47,994,872. The firm has a fifty day moving average price of $221.41 and a 200-day moving average price of $208.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. Amazon.com's revenue was up 13.3% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Evercore ISI reissued an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a report on Wednesday. Bank of America increased their target price on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Wedbush increased their target price on shares of Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, JMP Securities reissued a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $262.87.

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.