Legacy Investment Solutions LLC Acquires Shares of 4,875 Amazon.com, Inc. (NASDAQ:AMZN)

Legacy Investment Solutions LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,875 shares of the e-commerce giant’s stock, valued at approximately $908,000. Amazon.com accounts for 0.6% of Legacy Investment Solutions LLC’s portfolio, making the stock its 27th largest position.

Several other institutional investors have also recently made changes to their positions in the company. PayPay Securities Corp grew its holdings in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new stake in shares of Amazon.com in the third quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com in the third quarter worth approximately $45,000. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% in the second 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 period. Finally, Values First Advisors Inc. purchased a new position in shares of Amazon.com in the third quarter worth approximately $56,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $217.76 on Wednesday. The stock has a market capitalization of $2.29 trillion, a P/E ratio of 46.63, a PEG ratio of 1.54 and a beta of 1.14. The business has a 50 day simple moving average of $217.02 and a two-hundred day simple moving average of $195.74. Amazon.com, Inc. has a 12 month low of $149.91 and a 12 month high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AMZN shares. Roth Mkm raised their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Rosenblatt Securities increased their target price on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Redburn Atlantic increased their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Maxim Group raised their price objective on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.65.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated 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 directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last ninety days. Insiders own 10.80% of the company’s stock.

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.