LifeSteps Financial Inc. Has $1.82 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

LifeSteps Financial Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,789 shares of the e-commerce giant’s stock after buying an additional 60 shares during the quarter. Amazon.com makes up 1.4% of LifeSteps Financial Inc.’s portfolio, making the stock its 18th largest position. LifeSteps Financial Inc.’s holdings in Amazon.com were worth $1,824,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMZN. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com during the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc increased its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. bought a new position in Amazon.com in the 1st quarter worth approximately $69,000. Finally, Innealta Capital LLC bought a new position in Amazon.com in the 2nd quarter worth approximately $77,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMZN shares. Susquehanna increased their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Evercore ISI raised their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Maxim Group upped their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JMP Securities raised their target price on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

Amazon.com Price Performance

AMZN stock opened at $202.61 on Friday. The stock has a 50-day moving average price of $191.16 and a two-hundred day moving average price of $185.69. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $215.90. The stock has a market cap of $2.13 trillion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,053,349 shares of company stock valued at $1,256,503,289. Corporate insiders own 10.80% of the company’s stock.

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.