Jackson Wealth Management LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Jackson Wealth Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 52.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,916 shares of the e-commerce giant’s stock after buying an additional 9,257 shares during the period. Jackson Wealth Management LLC’s holdings in Amazon.com were worth $5,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. DORCHESTER WEALTH MANAGEMENT Co raised its holdings in Amazon.com by 22.5% in the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 18,068 shares of the e-commerce giant’s stock valued at $3,367,000 after buying an additional 3,323 shares during the period. Arcataur Capital Management LLC raised its holdings in Amazon.com by 1.8% in the 3rd quarter. Arcataur Capital Management LLC now owns 7,016 shares of the e-commerce giant’s stock valued at $1,307,000 after buying an additional 127 shares during the period. Fiduciary Planning LLC raised its holdings in Amazon.com by 83.0% in the 3rd quarter. Fiduciary Planning LLC now owns 8,892 shares of the e-commerce giant’s stock valued at $1,657,000 after buying an additional 4,033 shares during the period. Lafayette Investments Inc. raised its holdings in Amazon.com by 13.5% in the 3rd quarter. Lafayette Investments Inc. now owns 16,664 shares of the e-commerce giant’s stock valued at $3,105,000 after buying an additional 1,978 shares during the period. Finally, Commonwealth Financial Services LLC raised its holdings in Amazon.com by 8.5% in the 3rd quarter. Commonwealth Financial Services LLC now owns 11,349 shares of the e-commerce giant’s stock valued at $2,101,000 after buying an additional 891 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on AMZN shares. Monness Crespi & Hardt boosted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays boosted their price target on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Benchmark boosted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC boosted their price target on shares of Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $236.20.

Amazon.com Price Performance

AMZN stock opened at $205.74 on Thursday. The company has a market capitalization of $2.16 trillion, a P/E ratio of 44.06, a PEG ratio of 1.35 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The business has a 50 day simple moving average of $194.14 and a 200-day simple moving average of $186.66. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,026,683 shares of company stock worth $1,252,148,795 over the last 90 days. 10.80% of the stock is currently owned by insiders.

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.