Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by LJI Wealth Management LLC

LJI Wealth Management LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,993 shares of the e-commerce giant’s stock after purchasing an additional 1,930 shares during the quarter. Amazon.com makes up about 0.5% of LJI Wealth Management LLC’s holdings, making the stock its 27th biggest position. LJI Wealth Management LLC’s holdings in Amazon.com were worth $2,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Heritage Investment Group Inc. increased its position in shares of Amazon.com by 91.6% during the third quarter. Heritage Investment Group Inc. now owns 4,571 shares of the e-commerce giant’s stock worth $852,000 after purchasing an additional 2,185 shares in the last quarter. RIA Advisory Group LLC acquired a new stake in shares of Amazon.com in the 3rd quarter valued at about $2,219,000. Maxwell Wealth Strategies Inc. grew its stake in Amazon.com by 28.8% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 14,955 shares of the e-commerce giant’s stock worth $2,984,000 after buying an additional 3,346 shares during the last quarter. Natixis Advisors LLC increased its position in Amazon.com by 5.7% during the third quarter. Natixis Advisors LLC now owns 7,651,713 shares of the e-commerce giant’s stock worth $1,425,744,000 after buying an additional 413,701 shares during the period. Finally, Northeast Financial Group Inc. lifted its stake in Amazon.com by 11.7% in the third quarter. Northeast Financial Group Inc. now owns 14,331 shares of the e-commerce giant’s stock valued at $2,670,000 after buying an additional 1,504 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Scotiabank lifted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday, November 1st. Benchmark lifted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Pivotal Research assumed coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. Moffett Nathanson raised their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Oppenheimer upped their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $243.00.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $227.05 on Friday. The company has a 50-day simple moving average of $209.04 and a 200-day simple moving average of $192.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market cap of $2.39 trillion, a PE ratio of 48.62, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.