Joseph P. Lucia & Associates LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Joseph P. Lucia & Associates LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,006 shares of the e-commerce giant’s stock after buying an additional 120 shares during the quarter. Amazon.com comprises about 3.3% of Joseph P. Lucia & Associates LLC’s portfolio, making the stock its 5th largest position. Joseph P. Lucia & Associates LLC’s holdings in Amazon.com were worth $7,461,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares in the last quarter. Parnassus Investments LLC boosted its stake in shares of Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares in the last quarter. State Street Corp boosted its stake in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $492,144,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’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 sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,848 shares of company stock worth $11,368,639 over the last three months. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Down 0.7 %

AMZN stock opened at $228.68 on Monday. The stock has a market cap of $2.42 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 current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $228.21 and its two-hundred day simple moving average is $202.44. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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

Analyst Ratings Changes

Several research firms recently commented on AMZN. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Tigress Financial upped their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Oppenheimer upped their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $260.74.

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.