Luken Investment Analytics LLC Purchases 116 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Luken Investment Analytics LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,866 shares of the e-commerce giant’s stock after acquiring an additional 116 shares during the quarter. Amazon.com comprises 0.4% of Luken Investment Analytics LLC’s investment portfolio, making the stock its 28th biggest holding. Luken Investment Analytics LLC’s holdings in Amazon.com were worth $926,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cable Hill Partners LLC increased its stake in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after purchasing an additional 44 shares during the last quarter. Northern Capital Management Inc. boosted its holdings in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after buying an additional 45 shares during the period. White Wing Wealth Management boosted its holdings in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after buying an additional 47 shares during the period. Balanced Wealth Group LLC boosted its holdings in Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after buying an additional 48 shares during the period. Finally, ETF Store Inc. boosted its holdings in Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after buying an additional 48 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the transaction, the senior vice president owned 47,030 shares in the company, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer owned 2,148,694 shares in the company, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,426,963 shares of company stock valued at $757,297,707. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $223.13 on Monday. The firm’s 50-day moving average price is $206.44 and its two-hundred day moving average price is $208.52. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.34, a PEG 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 released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on AMZN shares. Tigress Financial raised their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Bank of America raised their price objective on shares of Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Mizuho cut their price objective on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Raymond James Financial reaffirmed an “outperform” rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Finally, DA Davidson cut their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.60.

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.