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

Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 208 shares of the e-commerce giant’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter valued at $35,000. Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com during the fourth quarter valued at $51,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $222.26 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50 day moving average price of $209.20 and a two-hundred day moving average price of $208.66. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.36 trillion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMZN. Jefferies Financial Group lowered their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Truist Financial upped their price objective on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada lowered their price objective on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, Tigress Financial upped their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Three equities research 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 stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $248.31.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president owned 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 384,124 shares of the firm’s stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total value of $86,051,458.48. Following the completion of the sale, the insider directly owned 901,995,325 shares in the company, valued at approximately $202,064,992,706.50. This trade represents a 0.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. Company insiders own 9.70% of the company’s stock.

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.