Forum Private Client Group LLC Acquires Shares of 1,596 Amazon.com, Inc. (NASDAQ:AMZN)

Forum Private Client Group LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,596 shares of the e-commerce giant's stock, valued at approximately $350,000.

Several other institutional investors also recently modified their holdings of AMZN. Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter worth about $27,266,582,000. Vanguard Group Inc. grew its position in shares of Amazon.com by 2.2% during 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 acquiring an additional 17,635,391 shares during the period. 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. State Street Corp raised its holdings in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 5,848 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the completion of the sale, the senior vice president now directly owns 69,162 shares of the company's stock, valued at approximately $15,265,436.64. This trade represents a 7.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 107,298 shares of company stock worth $23,818,478 in the last 90 days. 9.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Jefferies Financial Group cut their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Citigroup reiterated an "outperform" rating on shares of Amazon.com in a research note on Friday, May 2nd. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. UBS Group restated a "buy" rating on shares of Amazon.com in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Performance

Shares of AMZN traded up $3.70 during trading hours on Wednesday, hitting $188.71. The stock had a trading volume of 43,929,015 shares, compared to its average volume of 41,656,015. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a fifty day moving average price of $189.45 and a 200 day moving average price of $207.88. 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 market capitalization of $2.00 trillion, a PE ratio of 34.12, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's revenue for the quarter 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. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS 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.