Forum Financial Management LP Has $25.36 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Forum Financial Management LP raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 115,602 shares of the e-commerce giant's stock after buying an additional 12,005 shares during the period. Amazon.com accounts for about 0.4% of Forum Financial Management LP's portfolio, making the stock its 21st largest holding. Forum Financial Management LP's holdings in Amazon.com were worth $25,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Norges Bank acquired a new stake in Amazon.com in the 4th quarter valued at $27,266,582,000. Vanguard Group Inc. increased its stake in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Capital International Investors increased its stake in shares of Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Amazon.com by 1,782.4% during the 4th quarter. APG Asset Management N.V. now owns 7,269,638 shares of the e-commerce giant's stock worth $1,540,208,000 after purchasing an additional 6,883,447 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $207.91 on Friday. The company has a market cap of $2.21 trillion, a price-to-earnings ratio of 37.60, a PEG ratio of 1.50 and a beta of 1.33. 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 firm has a 50 day simple moving average of $191.41 and a 200 day simple moving average of $208.65. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the completion of the transaction, the chief executive officer now owns 506,974 shares of the company's stock, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 in the last quarter. Insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMZN shares. Raymond James restated an "outperform" rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. UBS Group restated a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. Royal Bank of Canada lowered their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Benchmark restated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $244.89.

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.

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