Fortitude Advisory Group LLC sells 884 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Fortitude Advisory Group LLC reduced its position in shares of Amazon.com, Inc., according to its latest Form 13F filing with the Securities and Exchange Commission. (NASDAQ:AMZN) up 2.6% in the fourth quarter. The company owned 33,524 shares of the e-commerce giant after selling 884 shares during the period. Amazon.com makes up about 3.1% of Fortitude Advisory Group LLC’s investment portfolio, making it the 6th largest stock. Fortitude Advisory Group LLC’s stock in Amazon.com was worth $5,094,000 at the end of the last quarter.

A number of other hedge funds have also recently bought and sold AMZN stock. In the third quarter, Vanguard Group Inc. increased its shares in Amazon.com by 4.4%. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its holdings in Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares during the period. FMR LLC increased its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Jennison Associates LLC increased its position in shares of Amazon.com by 28.4% during the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, JP Morgan Private Wealth Advisors LLC acquired a new position in shares of Amazon.com during the 3rd quarter worth $610,138,000. 72.20% of the shares are held by institutional investors and hedge funds.

Insiders place their bets

In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction that occurred on Monday, March 4. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the CEO now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The sale was disclosed in a document filed with the SEC, which can be accessed at this link. In other news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction amount of $9,000,000.00. Following the sale, the CEO now owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The sale was disclosed in a letter filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The announcement of this sale can be found here. Over the last three months, insiders sold a total of 117,894 shares of company stock worth $21,363,909. Company insiders own 10.80% of the company’s shares.

Wall Street analysts predict growth

AMZN has been the subject of many recent analyst reports. Citigroup increased their target price on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Oppenheimer increased their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Needham & Company LLC maintained a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 15. Moffett Nathanson maintained a “buy” rating on shares of Amazon.com and set a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11th. Finally, Sanford C. Bernstein increased their price target on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One equity research analyst rated the stock with a hold rating, forty-four rated the stock with a buy rating, and one rated the stock with a strong buy rating. Based on data from MarketBeat.com, the company’s average rating is “Buy” and its average price target is $211.62.

Download our latest stock report on Amazon.com

Amazon.com stock performance

NASDAQ AMZN shares opened at $181.05 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average is $181.91 and its two-hundred-day moving average is $165.77. The company has a market capitalization of $1.88 trillion, a P/E ratio of 50.71, a P/E/G ratio of 1.32 and a beta of 1.15. Amazon.com, Inc. it has a 12 month low of $114.31 and a 12 month high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the consensus estimate of $0.83. The company’s revenue for the quarter was $143.31 billion, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter increased by 12.5% ​​year-over-year. During the same period last year, the company saw an EPS of $0.31. On average, stock analysts expect Amazon.com, Inc. it will record 4.67 EPS for the current year.

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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