Panoramic Capital Partners LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,903 shares of the e-commerce giant's stock, valued at approximately $1,514,000. Amazon.com accounts for 1.3% of Panoramic Capital Partners LLC's investment portfolio, making the stock its 11th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rench Wealth Management Inc. lifted its stake in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after acquiring an additional 3,703 shares during the period. Foundations Investment Advisors LLC lifted its stake in shares of Amazon.com by 9.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock worth $34,395,000 after acquiring an additional 16,392 shares during the period. Blankinship & Foster LLC lifted its stake in shares of Amazon.com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after acquiring an additional 4,740 shares during the period. Umpqua Bank lifted its stake in shares of Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock worth $6,544,000 after acquiring an additional 137 shares during the period. Finally, One Wealth Capital Management LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth approximately $4,270,000. 72.20% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on AMZN shares. Loop Capital boosted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Wolfe Research boosted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. JMP Securities reiterated a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. Scotiabank boosted their target price on shares of Amazon.com from $246.00 to $306.00 and gave the stock a "sector outperform" rating in a report on Friday, January 24th. Finally, Tigress Financial boosted their target price on shares of Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $260.65.

Check Out Our Latest Stock Analysis on AMZN

Shares of AMZN stock opened at $199.25 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.11 trillion, a price-to-earnings ratio of 36.03, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a fifty day moving average of $224.11 and a 200-day moving average of $206.80.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

In other news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company's stock, 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. In the last 90 days, insiders sold 106,649 shares of company stock worth $23,871,905. 10.80% of the stock is currently owned by corporate insiders.

(Free Report)

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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