Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Fortem Financial Group LLC

Key Points

• Fortem Financial Group LLC increased its stake in Amazon.com by 15.4%, owning 24,325 shares valued at approximately $4.63 million, making it the company's 13th largest position.
• Amazon.com reported an earnings per share of $1.68 for the last quarter, exceeding analysts' expectations of $1.31, with revenue reaching $167.70 billion.
• Several analysts raised their price targets for Amazon.com, with the consensus now around $262.45, indicating strong buying interest in the stock.

Fortem Financial Group LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 24,325 shares of the e-commerce giant's stock after buying an additional 3,249 shares during the period. Amazon.com comprises approximately 1.8% of Fortem Financial Group LLC's holdings, making the stock its 13th largest position. Fortem Financial Group LLC's holdings in Amazon.com were worth $4,628,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Western Wealth Management LLC boosted its holdings in shares of Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $749,000. Barnes Dennig Private Wealth Management LLC bought a new position in Amazon.com during the first quarter valued at approximately $514,000. Segall Bryant & Hamill LLC grew its holdings in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC purchased a new position in Amazon.com during the 4th quarter valued at approximately $12,014,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN stock traded down $0.44 during trading on Friday, reaching $222.69. The company had a trading volume of 32,911,537 shares, compared to its average volume of 47,624,592. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. 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 firm has a 50-day simple moving average of $219.65 and a 200-day simple moving average of $208.98.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company posted $1.26 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

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 transaction of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 25,102,037 shares of company stock valued at $5,674,937,048. Company insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Citigroup upped their price objective on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Benchmark reaffirmed a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. JMP Securities reissued a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, Barclays increased their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $262.45.

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.