Marshall Investment Management LLC Invests $5.39 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Marshall Investment Management LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 24,577 shares of the e-commerce giant's stock, valued at approximately $5,392,000. Amazon.com comprises approximately 3.2% of Marshall Investment Management LLC's holdings, making the stock its 9th biggest holding.

A number of other large investors have also recently made changes to their positions in AMZN. TCW Group Inc. boosted its stake in shares of Amazon.com by 0.8% during the 4th quarter. TCW Group Inc. now owns 2,376,450 shares of the e-commerce giant's stock valued at $521,369,000 after purchasing an additional 17,827 shares in the last quarter. FPC Investment Advisory Inc. lifted its holdings in Amazon.com by 147.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 1,933 shares of the e-commerce giant's stock worth $459,000 after buying an additional 1,151 shares during the period. JBR Co Financial Management Inc boosted its position in Amazon.com by 6.5% during the 4th quarter. JBR Co Financial Management Inc now owns 12,810 shares of the e-commerce giant's stock valued at $2,810,000 after acquiring an additional 782 shares in the last quarter. ST. Nicholas Private Asset Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $5,283,000. Finally, Fisher Funds Management LTD bought a new position in shares of Amazon.com in the 4th quarter worth approximately $222,667,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. JMP Securities restated a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. UBS Group increased their target price on Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Sanford C. Bernstein boosted their target price on Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Finally, TD Cowen raised their target price on Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $260.65.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $2.45 on Tuesday, hitting $205.71. The company's stock had a trading volume of 31,105,980 shares, compared to its average volume of 38,443,934. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The firm has a fifty day moving average price of $218.60 and a 200-day moving average price of $208.62. 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 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.