Amazon.com, Inc. (NASDAQ:AMZN) is FWL Investment Management LLC’s 7th Largest Position

Posted by Defense World Staff on Mar 13th, 2023

FWL Investment Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 7.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,493 shares of the e-commerce giant’s stock after buying an additional 3,827 shares during the quarter. Amazon.com comprises approximately 5.3% of FWL Investment Management LLC’s portfolio, making the stock its 7th biggest position. FWL Investment Management LLC’s holdings in Amazon.com were worth $6,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Iron Horse Wealth Management LLC increased its holdings in shares of Amazon.com by 4,540.0% during the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 227 shares in the last quarter. Wells Financial Advisors INC increased its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. Knott David M Jr bought a new position in shares of Amazon.com during the second quarter valued at $32,000. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Finally, Baron Financial Group LLC increased its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after acquiring an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $90.73 on Monday. The stock’s fifty day moving average is $95.85 and its 200 day moving average is $102.56. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The firm has a market capitalization of $929.73 billion, a PE ratio of -338.53, a PEG ratio of 3.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. During the same quarter in the previous year, the company posted $1.39 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold a total of 71,394 shares of company stock worth $6,994,626 over the last quarter. Company insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Truist Financial reduced their price target on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Piper Sandler lifted their price objective on Amazon.com from $119.00 to $123.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Robert W. Baird lifted their price objective on Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Cowen lifted their price objective on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, December 1st. Finally, MKM Partners reduced their price objective on Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, January 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $144.87.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.