Philip James Wealth Mangement LLC Buys 951 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Philip James Wealth Mangement LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,369 shares of the e-commerce giant’s stock after purchasing an additional 951 shares during the period. Philip James Wealth Mangement LLC’s holdings in Amazon.com were worth $1,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Praetorian Wealth Management Inc. acquired a new stake in shares of Amazon.com in the second quarter valued at about $597,000. CVA Family Office LLC boosted its holdings in shares of Amazon.com by 4.7% in the 2nd quarter. CVA Family Office LLC now owns 21,533 shares of the e-commerce giant’s stock valued at $4,161,000 after buying an additional 961 shares during the last quarter. Hilltop National Bank grew its stake in shares of Amazon.com by 2.1% in the second quarter. Hilltop National Bank now owns 10,677 shares of the e-commerce giant’s stock valued at $2,063,000 after buying an additional 222 shares in the last quarter. CWM LLC increased its holdings in Amazon.com by 1.0% during the second quarter. CWM LLC now owns 1,185,983 shares of the e-commerce giant’s stock worth $229,191,000 after buying an additional 11,194 shares during the last quarter. Finally, Fiduciary Alliance LLC raised its position in Amazon.com by 17.1% during the second quarter. Fiduciary Alliance LLC now owns 75,496 shares of the e-commerce giant’s stock worth $15,099,000 after acquiring an additional 10,998 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMZN shares. JMP Securities restated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research note on Monday. DA Davidson restated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Redburn Atlantic lifted their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America increased their price target on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Evercore ISI upped their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $240.67.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $231.15 on Wednesday. The company has a market capitalization of $2.43 trillion, a PE ratio of 49.50, a P/E/G ratio of 1.54 and a beta of 1.16. 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 firm has a fifty day simple moving average of $203.67 and a 200 day simple moving average of $190.54. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.