TLWM Purchases Shares of Amazon.com, Inc. (NASDAQ:AMZN)

2 min read | January 26, 2025 01:32 AM PST | By Team Kalkine Media

TLWM Purchases Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Institutional Investment Activity

Amazon.com, Inc. (NASDAQ:AMZN) saw a boost in institutional investment activity in the fourth quarter of 2023. Tlwm increased its holdings by 2.4%, now owning 12,405 shares of the e-commerce company's stock. This purchase positioned Amazon as the 16th largest asset in Tlwm's portfolio, valued at around $2,722,000 at the quarter's end.

Several other institutional investors also expanded their stakes in Amazon during the same period. McNaughton Wealth Management, for example, grew its stake by 1.6%, holding 7,026 shares worth approximately $1,541,000. Additionally, Cardinal Point Capital Management remarkably increased its holdings by 88.0%, acquiring a total of 11,116 shares valued at $2,439,000.

Analyst Perspectives and Market Performance

A surge in analyst optimism reflects Amazon.com's robust market performance. A significant number of analysts have issued reports with enhanced price targets and favorable ratings for the stock. TD Cowen increased its price target from $240.00 to $265.00, and similar adjustments were made by Monness Crespi & Hardt and Loop Capital, who raised their targets to $245.00 and $275.00, respectively.

Amazon's stock performance has also been impressive, with its market cap reaching $2.47 trillion and a P/E ratio of 50.29. The stock price opened at $234.85, with its 52-week high reaching $236.40. Analysts project substantial growth, with an average target price of $249.02.

Insider Transactions and Company Profile

Recent insider transactions have seen directors of Amazon.com selling shares. Notably, Director Daniel P. Huttenlocher sold shares worth $246,237.22, and Jonathan Rubinstein sold shares valued at $1,000,077.35. Despite these sales, insiders still hold 10.80% of the company's stock.

Amazon.com continues to operate effectively across its three segments: North America, International, and Amazon Web Services (AWS). The company engages in retail sales of consumer products, advertising services, and subscription services both online and through physical stores.

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