LJI Wealth Management LLC Has $2.33 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

LJI Wealth Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,063 shares of the e-commerce giant’s stock after selling 77 shares during the period. Amazon.com comprises approximately 0.5% of LJI Wealth Management LLC’s portfolio, making the stock its 27th largest position. LJI Wealth Management LLC’s holdings in Amazon.com were worth $2,331,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AMZN. Halpern Financial Inc. raised its holdings in Amazon.com by 5.3% during the 1st quarter. Halpern Financial Inc. now owns 16,810 shares of the e-commerce giant’s stock worth $3,066,000 after purchasing an additional 840 shares during the last quarter. Ellenbecker Investment Group raised its holdings in Amazon.com by 4.2% during the 1st quarter. Ellenbecker Investment Group now owns 7,991 shares of the e-commerce giant’s stock worth $1,441,000 after purchasing an additional 323 shares during the last quarter. Safeguard Financial LLC raised its holdings in Amazon.com by 340.3% during the 1st quarter. Safeguard Financial LLC now owns 9,220 shares of the e-commerce giant’s stock worth $1,663,000 after purchasing an additional 7,126 shares during the last quarter. Clearview Wealth Advisors LLC raised its holdings in Amazon.com by 3.0% during the 1st quarter. Clearview Wealth Advisors LLC now owns 3,051 shares of the e-commerce giant’s stock worth $550,000 after purchasing an additional 90 shares during the last quarter. Finally, Perpetual Ltd increased its stake in shares of Amazon.com by 5.9% in the 1st quarter. Perpetual Ltd now owns 642,502 shares of the e-commerce giant’s stock valued at $115,895,000 after acquiring an additional 36,031 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.8 %

AMZN opened at $188.99 on Friday. The company has a 50 day moving average of $181.98 and a 200 day moving average of $183.42. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a market cap of $1.97 trillion, a PE ratio of 52.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price objective for the company. Piper Sandler reduced their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Roth Mkm lifted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Rosenblatt Securities raised their price target on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Truist Financial upped their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock valued at $9,877,423 in the last three months. Company insiders own 10.80% 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.