Legal Advantage Investments Inc. Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Legal Advantage Investments Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,425 shares of the e-commerce giant’s stock after selling 300 shares during the quarter. Amazon.com accounts for approximately 3.8% of Legal Advantage Investments Inc.’s investment portfolio, making the stock its 5th largest holding. Legal Advantage Investments Inc.’s holdings in Amazon.com were worth $7,114,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC lifted its holdings in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the period. Hoese & Co LLP bought a new position in shares of Amazon.com in the 3rd quarter worth $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com during the 3rd quarter worth $45,000. Values First Advisors Inc. bought a new stake in Amazon.com during the third quarter valued at about $56,000. Finally, Harbor Investment Advisory LLC raised its holdings in Amazon.com by 1.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after purchasing an additional 3,055 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $238.83 on Friday. The stock has a market capitalization of $2.51 trillion, a PE ratio of 51.14, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average price is $225.85 and its 200-day moving average price is $200.03.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. As a group, equities analysts expect that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMZN shares. Scotiabank raised their price target on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. HSBC raised their target price on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Wolfe Research upped their price target on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Benchmark raised their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research report on Friday, January 31st. Two equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $252.56.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,026,212 shares of company stock valued at $625,666,424. 10.80% of the stock is owned by corporate insiders.

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.