Amazon Gains Another Institutional Investor Amid Bullish Sentiment

Fischer Investment Strategies LLC has acquired a new position in Amazon.com (NASDAQ:AMZN) valued at approximately $472,000. The institutional investor bought 1,982 shares during the 2nd quarter.

This represents about 0.2% of Fischer Investment Strategies LLC's investment portfolio and makes AMZN its 23rd largest holding. Other institutional investors have also recently modified their holdings in Amazon.com.

Several analysts have weighed in on AMZN, with Wells Fargo & Company reiterating an 'overweight' rating and issuing a $338.00 price objective (up from $328.00). Evercore set a $355.00 target price on Amazon.com and gave the company an 'outperform' rating.