Paulson Wealth Management Inc. Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Paulson Wealth Management Inc. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, Holdings Channel.com reports. The firm purchased 4,429 shares of the e-commerce giant’s stock, valued at approximately $577,000.

A number of other large investors have also made changes to their positions in the company. Laurel Wealth Planning LLC grew its position in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in Amazon.com during the fourth quarter valued at approximately $37,000. Swaine & Leidel Wealth Services LLC purchased a new position in Amazon.com during the first quarter valued at approximately $38,000. Atlantic Private Wealth LLC purchased a new position in Amazon.com during the first quarter valued at approximately $43,000. Finally, Goodwin Investment Advisory grew its position in Amazon.com by 1,225.8% during the second quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock valued at $44,000 after purchasing an additional 380 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Credit Suisse Group boosted their price objective on shares of Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 target price for the company in a research report on Friday, August 4th. Argus reissued a “buy” rating and issued a $165.00 target price on shares of Amazon.com in a research report on Wednesday, September 27th. StockNews.com raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. Finally, Evercore ISI boosted their target price on shares of Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $168.80.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ:AMZN opened at $139.74 on Tuesday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $145.86. The company’s 50-day moving average price is $132.48 and its two-hundred day moving average price is $127.10. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1.44 trillion, a P/E ratio of 72.40, a P/E/G ratio of 1.85 and a beta of 1.17.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total transaction of $69,240.00. Following the sale, the chief executive officer now owns 106,520 shares of the company’s stock, valued at approximately $14,750,889.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the transaction, the chief executive officer now owns 106,520 shares of the company’s stock, valued at approximately $14,750,889.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the completion of the transaction, the senior vice president now directly owns 64,380 shares in the company, valued at approximately $9,343,469.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,359,145 shares of company stock valued at $48,229,508 in the last 90 days. 12.30% of the stock is currently owned by insiders.

Amazon.com Company Profile

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.