Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by LifeWealth Investments LLC

LifeWealth Investments LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 38.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,916 shares of the e-commerce giant’s stock after purchasing an additional 5,270 shares during the quarter. Amazon.com comprises about 1.5% of LifeWealth Investments LLC’s portfolio, making the stock its 18th biggest holding. LifeWealth Investments LLC’s holdings in Amazon.com were worth $3,599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AMZN. Tallon Kerry Patrick purchased a new stake in Amazon.com during the fourth quarter valued at about $800,000. Capital & Planning LLC lifted its position in shares of Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC boosted its holdings in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC boosted its holdings in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $301,650,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AMZN. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Barclays decreased their price target on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Rosenblatt Securities raised their price target on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Scotiabank decreased their price target on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, April 21st. Finally, JMP Securities restated a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $245.60.

Amazon.com Trading Up 1.5%

Shares of AMZN stock opened at $223.13 on Monday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm’s fifty day simple moving average is $206.44 and its 200 day simple moving average is $208.52. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer owned 2,148,694 shares of the company’s stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the business’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the completion of the sale, the insider directly owned 905,679,901 shares in the company, valued at $200,535,643,679.42. This trade represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,426,963 shares of company stock valued at $757,297,707 in the last three months. 10.80% of the stock is owned by insiders.

Amazon.com 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.