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

Fjell Capital LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,964 shares of the e-commerce giant's stock, valued at approximately $3,064,000. Amazon.com makes up 3.2% of Fjell Capital LLC's portfolio, making the stock its 10th biggest holding.

Other large investors also recently bought and sold shares of the company. Accordant Advisory Group Inc boosted its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC lifted 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 worth $28,000 after buying an additional 25,581 shares in the last quarter. Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the third quarter valued at approximately $45,000. Quattro Financial Advisors LLC raised its holdings in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new position in Amazon.com in the 4th quarter valued at approximately $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. Citigroup restated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Robert W. Baird upped their target price on shares of Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Maxim Group lifted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. TD Cowen increased their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Two research 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, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $260.11.

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Amazon.com Price Performance

Shares of AMZN stock traded down $4.12 during trading hours on Monday, hitting $188.60. The stock had a trading volume of 32,306,674 shares, compared to its average volume of 39,807,073. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock's 50-day moving average price is $216.86 and its two-hundred day moving average price is $209.25. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 34.12, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 102,298 shares of company stock valued at $22,871,828. Insiders own 10.80% 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.