Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Forge First Asset Management Inc.

Forge First Asset Management Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 119.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,500 shares of the e-commerce giant's stock after buying an additional 21,500 shares during the quarter. Amazon.com comprises approximately 3.1% of Forge First Asset Management Inc.'s holdings, making the stock its 12th largest position. Forge First Asset Management Inc.'s holdings in Amazon.com were worth $8,666,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Westchester Capital Management Inc. raised its holdings in shares of Amazon.com by 2.8% during the 4th quarter. Westchester Capital Management Inc. now owns 37,841 shares of the e-commerce giant's stock worth $8,302,000 after acquiring an additional 1,034 shares in the last quarter. Truvestments Capital LLC increased its position in Amazon.com by 7.9% in the fourth quarter. Truvestments Capital LLC now owns 8,023 shares of the e-commerce giant's stock worth $1,760,000 after purchasing an additional 588 shares during the last quarter. Austin Wealth Management LLC raised its stake in Amazon.com by 5.5% during the fourth quarter. Austin Wealth Management LLC now owns 12,405 shares of the e-commerce giant's stock valued at $2,803,000 after purchasing an additional 647 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in Amazon.com during the fourth quarter valued at $2,844,000. Finally, Hopwood Financial Services Inc. bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $500,000. Institutional investors own 72.20% of the company's stock.

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Amazon.com Price Performance

AMZN stock traded down $6.51 during mid-day trading on Wednesday, reaching $173.08. The company's stock had a trading volume of 29,202,868 shares, compared to its average volume of 41,568,664. The stock has a market cap of $1.83 trillion, a PE ratio of 31.30, a P/E/G ratio of 1.50 and a beta of 1.39. The company's 50 day moving average is $201.96 and its two-hundred day moving average is $208.30. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMZN. Piper Sandler reaffirmed an "overweight" rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Sanford C. Bernstein upped their target price on Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Citizens Jmp reduced their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday. Finally, Maxim Group increased their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $252.73.

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.