Fortem Financial Group LLC Grows Holdings in Amazon.com, Inc. $AMZN

Key Points

• Fortem Financial Group LLC increased its Amazon stake by 19.8% in the first quarter, buying 5,768 more shares and bringing its total to 34,856 shares worth about $7.26 million.
• Amazon’s latest quarterly earnings beat expectations, with EPS of $2.78 versus $1.63 expected and revenue of $181.52 billion above estimates. Revenue rose 16.6% year over year.
• Analyst sentiment remains bullish overall: Amazon has a Moderate Buy consensus rating, with 57 Buy ratings and a consensus price target of $312.78.

Fortem Financial Group LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 19.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,856 shares of the e-commerce giant's stock after acquiring an additional 5,768 shares during the quarter. Amazon.com comprises about 1.8% of Fortem Financial Group LLC's investment portfolio, making the stock its 14th biggest holding. Fortem Financial Group LLC's holdings in Amazon.com were worth $7,259,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MilWealth Group LLC boosted its position in shares of Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock worth $41,000 after purchasing an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. bought a new position in Amazon.com during the 4th quarter valued at approximately $45,000. Elkhorn Partners Limited Partnership raised its stake in Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock valued at $46,000 after buying an additional 180 shares during the last quarter. Fairway Wealth LLC raised its stake in Amazon.com by 95.6% during the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 108 shares during the last quarter. Finally, Prudent Man Investment Management Inc. boosted its holdings in Amazon.com by 87.7% in the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock worth $53,000 after acquiring an additional 107 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Prime Day demand appears to be supporting sentiment, with reports of strong early online spending and investor expectations for a Q2 revenue beat. Reuters: US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says
• Positive Sentiment: Amazon’s Zoox autonomous vehicle unit unveiled a redesigned robotaxi and said it is preparing for larger-scale production and a wider commercial rollout later this year, reinforcing the company’s long-term optionality in mobility. CNBC: Amazon's Zoox unveils redesigned robotaxi ahead of upcoming expansion
• Positive Sentiment: Wall Street commentary remains constructive, with analysts and major investors highlighting Amazon’s AWS growth, AI shopping tools, and advertising/Prime businesses as reasons the stock can keep compounding over time. Benzinga: Cathie Wood Is Rebuilding The Magnificent 7 Trade
• Neutral Sentiment: Amazon’s AWS and AI teams continue to promote new capabilities, including expanded Bedrock functionality and commentary that AI will reshape white-collar work rather than eliminate it, which supports the long-term AI narrative but does not create an immediate catalyst. Zacks: Amazon Strengthens Bedrock Ecosystem: What's Next for Enterprise AI?
• Negative Sentiment: Some investors remain concerned that heavy AI infrastructure spending and Prime Day timing shifts could pressure future comparisons, and Amazon has also faced added noise from labor and regulatory headlines. MarketBeat: Amazon’s Pullback Deepens as a New FTC Risk Hits the Stock

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $234.24 on Thursday. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The business has a 50-day simple moving average of $256.29 and a two-hundred day simple moving average of $234.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The firm has a market cap of $2.52 trillion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 1.75 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $1.15. The firm had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.59 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Moffett Nathanson increased their target price on Amazon.com from $283.00 to $288.00 and gave the stock a "buy" rating in a research note on Tuesday, April 7th. Tigress Financial upped their price target on shares of Amazon.com from $305.00 to $315.00 and gave the stock a "buy" rating in a research note on Wednesday, March 25th. DA Davidson increased their price objective on shares of Amazon.com from $175.00 to $250.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. China Renaissance raised their price objective on shares of Amazon.com from $300.00 to $326.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, Piper Sandler set a $330.00 target price on shares of Amazon.com in a report on Thursday, June 11th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $312.78.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the transaction, the chief executive officer owned 14,159 shares of the company's stock, valued at approximately $3,729,480.60. This represents a 52.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the firm's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the transaction, the senior vice president directly owned 41,190 shares in the company, valued at $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 195,774 shares of company stock valued at $51,614,434 over the last 90 days. 8.90% of the stock is owned by corporate insiders.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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