Luken Investment Analytics LLC Buys 350 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Luken Investment Analytics LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,750 shares of the e-commerce giant’s stock after purchasing an additional 350 shares during the period. Amazon.com accounts for about 0.5% of Luken Investment Analytics LLC’s investment portfolio, making the stock its 23rd biggest holding. Luken Investment Analytics LLC’s holdings in Amazon.com were worth $1,042,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of AMZN. Rench Wealth Management Inc. boosted its stake in shares of Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after acquiring an additional 3,703 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after acquiring an additional 16,392 shares during the period. Blankinship & Foster LLC boosted its stake in shares of Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after acquiring an additional 4,740 shares during the period. Umpqua Bank boosted its stake in shares of Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after acquiring an additional 137 shares during the period. Finally, One Wealth Capital Management LLC bought a new position in shares of Amazon.com in the fourth quarter worth about $4,270,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $216.58 on Friday. 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 1.06 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.30 trillion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. The stock’s 50-day moving average price is $227.88 and its 200-day moving average price is $203.96.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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 24.25% and a net margin of 9.29%. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated 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 directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,852 shares of company stock worth $9,324,151 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Scotiabank upped their price objective on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Oppenheimer boosted their target price on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Citigroup decreased their target price on Amazon.com from $275.00 to $273.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, Monness Crespi & Hardt boosted their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

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.