Wolff Wiese Magana LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1,884.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,765 shares of the e-commerce giant's stock after acquiring an additional 15,920 shares during the quarter. Amazon.com comprises about 1.3% of Wolff Wiese Magana LLC's investment portfolio, making the stock its 18th biggest position. Wolff Wiese Magana LLC's holdings in Amazon.com were worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Chartist Inc. CA grew its holdings in Amazon.com by 10.1% during the 4th quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant's stock valued at $1,057,000 after purchasing an additional 29 shares during the last quarter. Cinctive Capital Management LP bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $1,460,000. Comgest Global Investors S.A.S. raised its holdings in shares of Amazon.com by 36.1% in the fourth quarter. Comgest Global Investors S.A.S. now owns 64,580 shares of the e-commerce giant's stock worth $215,332,000 after buying an additional 17,129 shares during the period. Cloverfields Capital Group LP lifted its stake in shares of Amazon.com by 10.2% during the 4th quarter. Cloverfields Capital Group LP now owns 1,005 shares of the e-commerce giant's stock worth $3,351,000 after acquiring an additional 93 shares during the last quarter. Finally, Chilton Capital Management LLC boosted its holdings in Amazon.com by 4.0% during the 4th quarter. Chilton Capital Management LLC now owns 18,360 shares of the e-commerce giant's stock valued at $61,218,000 after acquiring an additional 713 shares during the period. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.6 %

Shares of AMZN stock opened at $113.00 on Monday. The stock has a 50 day moving average of $129.81 and a 200 day moving average of $128.63. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.15 trillion, a P/E ratio of 101.30, a P/E/G ratio of 5.15 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMZN. Oppenheimer decreased their target price on Amazon.com from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, July 25th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Amazon.com from $174.00 to $155.00 in a research report on Thursday, July 21st. Tigress Financial reissued a "buy" rating and issued a $232.00 price objective on shares of Amazon.com in a research note on Wednesday, June 29th. Wolfe Research lifted their target price on Amazon.com from $140.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, July 29th. Finally, Rosenblatt Securities increased their price target on Amazon.com to $118.00 and gave the stock a "neutral" rating in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.49.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm's stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares of the company's stock, valued at $14,741,102.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares of the company's stock, valued at $14,741,102.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $16,078,069.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,628 shares of company stock valued at $9,802,599. Company insiders own 12.70% of the company's stock.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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