Amazon.com, Inc. (NASDAQ:AMZN) is My Legacy Advisors LLC’s 10th Largest Position

My Legacy Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,393 shares of the e-commerce giant’s stock after buying an additional 1,299 shares during the period. Amazon.com comprises about 1.9% of My Legacy Advisors LLC’s holdings, making the stock its 10th biggest position. My Legacy Advisors LLC’s holdings in Amazon.com were worth $4,778,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Icon Wealth Advisors LLC boosted its position in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the period. Hoese & Co LLP purchased a new position in shares of Amazon.com during the third quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com during the third quarter worth approximately $45,000. Values First Advisors Inc. purchased a new position in shares of Amazon.com during the third quarter worth approximately $56,000. Finally, IFS Advisors LLC increased its stake in shares of Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after buying an additional 325 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,027,340 shares of company stock worth $1,252,456,773 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 0.1 %

Shares of AMZN stock opened at $237.42 on Tuesday. The stock has a 50 day moving average of $223.83 and a 200 day moving average of $198.98. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.50 trillion, a P/E ratio of 50.84, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $241.77.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMZN shares. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Moffett Nathanson upped their price target on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. UBS Group upped their target price on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. HSBC upped their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $251.44.

Amazon.com Company 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.