Legal Advantage Investments Inc. Has $3.75 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Legal Advantage Investments Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,740 shares of the e-commerce giant’s stock after purchasing an additional 2,250 shares during the period. Amazon.com comprises 2.5% of Legal Advantage Investments Inc.’s portfolio, making the stock its 12th largest holding. Legal Advantage Investments Inc.’s holdings in Amazon.com were worth $3,747,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Leonard Rickey Investment Advisors P.L.L.C. increased its position in Amazon.com by 2.5% in the 2nd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock worth $1,518,000 after purchasing an additional 288 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in Amazon.com in the 2nd quarter worth about $123,733,000. Meitav Investment House Ltd. increased its position in Amazon.com by 3.3% in the 2nd quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock worth $81,543,000 after purchasing an additional 20,574 shares during the last quarter. Golden State Equity Partners increased its position in Amazon.com by 162.4% during the second quarter. Golden State Equity Partners now owns 47,315 shares of the e-commerce giant’s stock worth $6,168,000 after buying an additional 29,281 shares during the last quarter. Finally, Wilkinson Global Asset Management LLC increased its position in Amazon.com by 3.1% during the second quarter. Wilkinson Global Asset Management LLC now owns 259,635 shares of the e-commerce giant’s stock worth $33,846,000 after buying an additional 7,860 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 70,056 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $139.86, for a total value of $9,798,032.16. Following the transaction, the chief executive officer now owns 104,864 shares of the company’s stock, valued at $14,666,279.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 42,816 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the transaction, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,358,645 shares of company stock valued at $48,160,008. 12.30% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $138.60 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The company has a market cap of $1.43 trillion, a PE ratio of 71.81, a PEG ratio of 1.85 and a beta of 1.17. The company’s 50-day moving average is $132.48 and its two-hundred day moving average is $126.94.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Equities analysts anticipate that Amazon.com, Inc. will post 2.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. DA Davidson increased their target price on shares of Amazon.com from $150.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Stifel Nicolaus initiated coverage on shares of Amazon.com in a research report on Tuesday, October 17th. They set a “buy” rating and a $173.00 target price on the stock. Benchmark increased their target price on shares of Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Rosenblatt Securities lifted their target price on shares of Amazon.com from $184.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, CICC Research began coverage on Amazon.com in a research report on Sunday, July 9th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $168.80.

About Amazon.com

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.