6,512 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Fortress Financial Group LLC

Fortress Financial Group LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,512 shares of the e-commerce giant’s stock, valued at approximately $1,429,000. Amazon.com accounts for 1.4% of Fortress Financial Group LLC’s investment portfolio, making the stock its 17th biggest position.

Other institutional investors also recently modified their holdings of the company. First American Bank lifted its position in shares of Amazon.com by 0.9% in the fourth quarter. First American Bank now owns 238,794 shares of the e-commerce giant’s stock worth $52,389,000 after purchasing an additional 2,242 shares in the last quarter. Gordian Advisors LLC lifted its position in Amazon.com by 2.6% during the 4th quarter. Gordian Advisors LLC now owns 3,359 shares of the e-commerce giant’s stock worth $737,000 after buying an additional 86 shares in the last quarter. Pettyjohn Wood & White Inc. boosted its stake in shares of Amazon.com by 1.3% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 50,135 shares of the e-commerce giant’s stock worth $10,999,000 after buying an additional 665 shares during the last quarter. Fielder Capital Group LLC grew its holdings in shares of Amazon.com by 34.2% in the 4th quarter. Fielder Capital Group LLC now owns 6,736 shares of the e-commerce giant’s stock valued at $1,478,000 after acquiring an additional 1,717 shares in the last quarter. Finally, Private Capital Management LLC increased its position in shares of Amazon.com by 6.8% in the third quarter. Private Capital Management LLC now owns 7,853 shares of the e-commerce giant’s stock valued at $1,463,000 after acquiring an additional 502 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 1.3 %

AMZN stock opened at $190.26 on Tuesday. The stock’s 50 day simple moving average is $216.15 and its 200 day simple moving average is $209.27. The company has a market cap of $2.02 trillion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMZN shares. Maxim Group raised their target price 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. Tigress Financial increased their target price on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Royal Bank of Canada raised their price target on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wolfe Research upped their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $260.11.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last three months. 10.80% of the stock is currently owned by insiders.

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.