Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Lee Johnson Capital Management LLC

Lee Johnson Capital Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,154.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,646 shares of the e-commerce giant’s stock after purchasing an additional 21,761 shares during the quarter. Amazon.com comprises about 2.3% of Lee Johnson Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Lee Johnson Capital Management LLC’s holdings in Amazon.com were worth $4,406,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. PayPay Securities Corp raised its position in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter worth $37,000. Christopher J. Hasenberg Inc lifted its position in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in Amazon.com during the first quarter valued at about $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com in the second quarter valued at about $77,000. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896 in the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN opened at $202.88 on Thursday. The company has a fifty day moving average price of $192.56 and a two-hundred day moving average price of $186.18. The firm has a market capitalization of $2.13 trillion, a PE ratio of 43.44, a P/E/G ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $141.50 and a 52 week high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMZN. UBS Group increased their target price on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Morgan Stanley upped their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. The Goldman Sachs Group raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Bank of America lifted their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.77.

About Amazon.com

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.