Legacy Financial Strategies LLC Has $736,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Legacy Financial Strategies LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 3.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,127 shares of the e-commerce giant’s stock after buying an additional 208 shares during the period. Legacy Financial Strategies LLC’s holdings in Amazon.com were worth $736,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after buying an additional 12,456,995 shares in the last quarter. State Street Corp lifted its position in Amazon.com by 1.0% during the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC lifted its holdings in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the period. Finally, Geode Capital Management LLC increased its stake in Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 161,534,790 shares of the e-commerce giant’s stock valued at $13,541,345,000 after acquiring an additional 3,875,615 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMZN. Roth Mkm lifted their price target on Amazon.com from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Canaccord Genuity Group increased their target price on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Telsey Advisory Group upped their price objective on shares of Amazon.com from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Bank of America raised their target price on shares of Amazon.com from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Jefferies Financial Group increased their price target on Amazon.com from $135.00 to $150.00 in a research note on Wednesday, June 21st. Two analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $160.87.

Check Out Our Latest Analysis on Amazon.com

Insider Activity

In related news, CEO Douglas J. Herrington sold 50,000 shares of Amazon.com stock in a transaction on Friday, August 4th. The stock was sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the sale, the chief executive officer now directly owns 510,301 shares in the company, valued at $71,952,441. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the transaction, the chief executive officer now directly owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 50,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $141.00, for a total value of $7,050,000.00. Following the transaction, the chief executive officer now directly owns 510,301 shares in the company, valued at approximately $71,952,441. The disclosure for this sale can be found here. Insiders sold a total of 1,361,829 shares of company stock valued at $48,444,937 over the last three months. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $137.27 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a market cap of $1.42 trillion, a PE ratio of 108.09, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. The stock’s fifty day simple moving average is $133.28 and its two-hundred day simple moving average is $116.83. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $143.63.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The company had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. As a group, analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.

About Amazon.com

(Free Report)

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

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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