Fjell Capital LLC Invests $3.06 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Fjell Capital LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,964 shares of the e-commerce giant's stock, valued at approximately $3,064,000. Amazon.com accounts for about 3.2% of Fjell Capital LLC's holdings, making the stock its 10th largest holding.

A number of other institutional investors also recently bought and sold shares of the stock. Accordant Advisory Group Inc grew its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the last quarter. Icon Wealth Advisors LLC boosted its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after acquiring an additional 25,581 shares during the period. Bull Oak Capital LLC bought a new position in Amazon.com in the 3rd quarter valued at $45,000. Quattro Financial Advisors LLC increased its stake in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the period. Finally, Compass Planning Associates Inc purchased a new stake in Amazon.com in the fourth quarter worth $51,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN stock traded up $1.91 during trading hours on Tuesday, hitting $192.17. 41,171,347 shares of the company's stock were exchanged, compared to its average volume of 39,975,586. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market cap of $2.04 trillion, a P/E ratio of 34.75, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $215.38 and a two-hundred day moving average of $209.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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 net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMZN shares. HSBC upped their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Oppenheimer upped their target price on shares of Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Mizuho lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Maxim Group increased their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company decreased their target price on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $260.53.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 in the last 90 days. Insiders own 10.80% of the company's stock.

Amazon.com 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.