LifePro Asset Management Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

LifePro Asset Management boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 74.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,484 shares of the e-commerce giant’s stock after buying an additional 2,765 shares during the quarter. LifePro Asset Management’s holdings in Amazon.com were worth $1,208,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Exchange Capital Management Inc. increased its position in shares of Amazon.com by 2.3% during the 1st quarter. Exchange Capital Management Inc. now owns 108,620 shares of the e-commerce giant’s stock valued at $19,593,000 after purchasing an additional 2,482 shares during the last quarter. Financial Strategies Group Inc. increased its position in shares of Amazon.com by 11.0% during the 1st quarter. Financial Strategies Group Inc. now owns 41,434 shares of the e-commerce giant’s stock valued at $7,693,000 after purchasing an additional 4,097 shares during the last quarter. Woodmont Investment Counsel LLC increased its position in shares of Amazon.com by 0.4% during the 1st quarter. Woodmont Investment Counsel LLC now owns 15,572 shares of the e-commerce giant’s stock valued at $2,809,000 after purchasing an additional 65 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Amazon.com by 1.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 11,840 shares of the e-commerce giant’s stock valued at $2,136,000 after purchasing an additional 185 shares during the last quarter. Finally, Dash Acquisitions Inc. increased its position in shares of Amazon.com by 3.3% during the 1st quarter. Dash Acquisitions Inc. now owns 144,524 shares of the e-commerce giant’s stock valued at $26,199,000 after purchasing an additional 4,639 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.4 %

NASDAQ AMZN opened at $210.05 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $212.25. The firm has a market capitalization of $2.21 trillion, a PE ratio of 44.98, a P/E/G ratio of 1.34 and a beta of 1.14. The stock’s 50 day moving average is $186.48 and its 200 day moving average is $184.23.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 5.16 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,859 shares of company stock worth $10,215,097 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Maxim Group increased their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.55.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.