FWL Investment Management LLC Purchases 9,687 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

FWL Investment Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 48.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,579 shares of the e-commerce giant's stock after purchasing an additional 9,687 shares during the quarter. Amazon.com accounts for approximately 2.4% of FWL Investment Management LLC's holdings, making the stock its 18th largest holding. FWL Investment Management LLC's holdings in Amazon.com were worth $6,489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Circle Wealth Management LLC increased its position in Amazon.com by 0.3% during the fourth quarter. Circle Wealth Management LLC now owns 288,366 shares of the e-commerce giant's stock worth $63,265,000 after buying an additional 804 shares during the last quarter. Clark Capital Management Group Inc. boosted its stake in shares of Amazon.com by 27.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 634,276 shares of the e-commerce giant's stock valued at $139,154,000 after buying an additional 137,492 shares during the period. Coastal Bridge Advisors LLC boosted its stake in shares of Amazon.com by 13.3% in the fourth quarter. Coastal Bridge Advisors LLC now owns 24,986 shares of the e-commerce giant's stock valued at $5,482,000 after buying an additional 2,928 shares during the period. Driehaus Capital Management LLC boosted its stake in shares of Amazon.com by 2.9% in the fourth quarter. Driehaus Capital Management LLC now owns 9,943 shares of the e-commerce giant's stock valued at $2,181,000 after buying an additional 277 shares during the period. Finally, Diligent Investors LLC boosted its stake in shares of Amazon.com by 1.7% in the fourth quarter. Diligent Investors LLC now owns 18,212 shares of the e-commerce giant's stock valued at $3,995,000 after buying an additional 311 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. DA Davidson cut their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. upped their target price on Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Tigress Financial upped their target price on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Cantor Fitzgerald upped their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC restated a "buy" rating and set a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Price Performance

Shares of AMZN traded up $2.22 during mid-day trading on Thursday, reaching $206.94. 12,861,412 shares of the stock traded hands, compared to its average volume of 45,334,402. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year 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. The company has a market cap of $2.20 trillion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm has a fifty day moving average price of $190.55 and a 200 day moving average price of $208.71.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the firm posted $0.98 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,537 shares of company stock valued at $20,018,625. Insiders own 9.70% of the company's stock.

Amazon.com Company 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.