Lee Johnson Capital Management LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Lee Johnson Capital Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,820 shares of the e-commerce giant’s stock after acquiring an additional 174 shares during the quarter. Amazon.com accounts for about 2.8% of Lee Johnson Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Lee Johnson Capital Management LLC’s holdings in Amazon.com were worth $5,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Semus Wealth Partners LLC increased its stake in Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after acquiring an additional 49 shares during the last quarter. Bell Investment Advisors Inc increased its position in Amazon.com by 1.5% in the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after purchasing an additional 51 shares during the last quarter. O Connor Financial Group LLC raised its stake in Amazon.com by 2.2% during the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after purchasing an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC lifted its position in Amazon.com by 0.7% during the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after purchasing an additional 55 shares during the last quarter. Finally, Cedar Point Capital Partners LLC grew its stake in shares of Amazon.com by 4.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after buying an additional 56 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $242.06 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a market cap of $2.55 trillion, a PE ratio of 51.83, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business has a 50-day simple moving average of $224.55 and a two-hundred day simple moving average of $199.36.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,027,340 shares of company stock valued at $1,252,456,773 in the last three months. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on AMZN. TD Cowen increased their price target on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Scotiabank boosted their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Finally, Wedbush restated an “outperform” rating and issued a $280.00 target price (up previously from $260.00) on shares of Amazon.com in a report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $252.56.

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.