2,793 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Lighthouse Wealth Management Inc.

Lighthouse Wealth Management Inc. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,793 shares of the e-commerce giant’s stock, valued at approximately $613,000. Amazon.com comprises 0.6% of Lighthouse Wealth Management Inc.’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Fiera Capital Corp lifted its stake in shares of Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after buying an additional 44,615 shares during the last quarter. Wealthgate Family Office LLC bought a new position in Amazon.com in the 2nd quarter valued at about $262,000. Purus Wealth Management LLC lifted its position in Amazon.com by 4.9% during the second quarter. Purus Wealth Management LLC now owns 48,999 shares of the e-commerce giant’s stock worth $9,469,000 after acquiring an additional 2,275 shares during the last quarter. Argent Trust Co boosted its holdings in shares of Amazon.com by 2.6% during the second quarter. Argent Trust Co now owns 222,134 shares of the e-commerce giant’s stock worth $42,927,000 after acquiring an additional 5,631 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Amazon.com by 5.9% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 317,914 shares of the e-commerce giant’s stock valued at $61,437,000 after purchasing an additional 17,832 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $228.68 on Friday. The stock’s 50-day simple moving average is $228.21 and its two-hundred day simple moving average is $202.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Raymond James lifted their price target on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Loop Capital raised their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday. Monness Crespi & Hardt raised 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. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Finally, Benchmark boosted their price target on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,848 shares of company stock worth $11,368,639. 10.80% of the stock is currently owned by corporate insiders.

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.