Fortem Financial Group LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Fortem Financial Group LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,076 shares of the e-commerce giant's stock after purchasing an additional 1,526 shares during the quarter. Amazon.com accounts for approximately 1.8% of Fortem Financial Group LLC's portfolio, making the stock its 13th biggest position. Fortem Financial Group LLC's holdings in Amazon.com were worth $4,624,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Icon Wealth Advisors LLC grew its stake in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. PayPay Securities Corp boosted its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP purchased a new position in Amazon.com during the 3rd quarter valued at about $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com in the 3rd quarter valued at about $45,000. Finally, Values First Advisors Inc. acquired a new stake in shares of Amazon.com during the third quarter worth about $56,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $5.28 during trading on Monday, reaching $225.94. The company had a trading volume of 42,097,354 shares, compared to its average volume of 27,997,364. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock's fifty day moving average price is $217.91 and its 200 day moving average price is $196.27. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $233.00. The firm has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.38 EPS for the current year.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares of the company's stock, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares of the company's stock, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wedbush lifted their price objective on shares of Amazon.com from $250.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, January 6th. Evercore ISI boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $230.00 price objective on shares of Amazon.com in a research note on Monday, October 7th. Piper Sandler boosted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Finally, DA Davidson reaffirmed a "buy" rating and issued a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.65.

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.