6,903 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Panoramic Capital Partners LLC

Panoramic Capital Partners LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,903 shares of the e-commerce giant's stock, valued at approximately $1,514,000. Amazon.com comprises approximately 1.3% of Panoramic Capital Partners LLC's holdings, making the stock its 11th biggest position.

Several other large investors have also modified their holdings of AMZN. International Private Wealth Advisors LLC increased its position in Amazon.com by 51.4% in the 4th quarter. International Private Wealth Advisors LLC now owns 14,434 shares of the e-commerce giant's stock worth $3,167,000 after buying an additional 4,900 shares during the period. First National Corp MA ADV grew its stake in shares of Amazon.com by 9.5% in the fourth quarter. First National Corp MA ADV now owns 15,946 shares of the e-commerce giant's stock worth $3,498,000 after acquiring an additional 1,387 shares during the last quarter. Arlington Trust Co LLC increased its position in Amazon.com by 0.5% during the fourth quarter. Arlington Trust Co LLC now owns 25,225 shares of the e-commerce giant's stock worth $5,534,000 after acquiring an additional 120 shares during the period. Equitable Trust Co. raised its stake in Amazon.com by 15.2% during the 4th quarter. Equitable Trust Co. now owns 139,646 shares of the e-commerce giant's stock valued at $30,637,000 after purchasing an additional 18,380 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its holdings in Amazon.com by 8.9% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 34,234 shares of the e-commerce giant's stock valued at $7,511,000 after purchasing an additional 2,804 shares during the period. 72.20% of the stock is owned by institutional investors.

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Analyst Ratings Changes

AMZN has been the subject of several research reports. Royal Bank of Canada increased their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Stifel Nicolaus lifted their price objective on Amazon.com from $245.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, February 7th. HSBC boosted their price objective on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Barclays raised their target price on Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group boosted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a "buy" rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $260.65.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares of the company's stock, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % 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 three months. Insiders own 10.80% of the company's stock.

Amazon.com Stock Up 1.2 %

Shares of AMZN traded up $2.32 during mid-day trading on Wednesday, hitting $198.91. 31,420,521 shares of the company's stock were exchanged, compared to its average volume of 39,038,438. 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 52 week low of $151.61 and a 52 week high of $242.52. The company has a market cap of $2.11 trillion, a PE ratio of 36.02, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a 50-day simple moving average of $223.12 and a 200 day simple moving average of $207.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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%. On average, research analysts forecast 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.