AMJ Financial Wealth Management Purchases 1,300 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

AMJ Financial Wealth Management increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 21.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,491 shares of the e-commerce giant’s stock after purchasing an additional 1,300 shares during the quarter. AMJ Financial Wealth Management’s holdings in Amazon.com were worth $1,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Collective Family Office LLC increased its position in Amazon.com by 9.7% during the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after buying an additional 819 shares in the last quarter. Members Trust Co increased its position in Amazon.com by 8.9% during the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after buying an additional 341 shares in the last quarter. Phillips Wealth Planners LLC increased its position in Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after buying an additional 224 shares in the last quarter. LifePlan Financial LLC bought a new position in Amazon.com during the 4th quarter valued at approximately $1,276,000. Finally, Legacy CG LLC increased its position in Amazon.com by 8.2% during the 4th quarter. Legacy CG LLC now owns 55,645 shares of the e-commerce giant’s stock valued at $8,455,000 after buying an additional 4,217 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Table of Contents

Amazon.com Trading Up 0.4 %

Shares of NASDAQ AMZN opened at $183.20 on Tuesday. The business’s 50 day moving average is $187.27 and its two-hundred day moving average is $179.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The stock has a market capitalization of $1.91 trillion, a P/E ratio of 51.32, a PEG ratio of 1.30 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 4.73 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price objective on Amazon.com from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Wedbush reissued an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Friday. Morgan Stanley lifted their target price on Amazon.com from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Mizuho lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Robert W. Baird lifted their target price on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $220.04.

View Our Latest Analysis on Amazon.com

Insiders Place Their Bets

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the transaction, the director now directly owns 4,760 shares in the company, valued at approximately $886,407.20. The disclosure for this sale can be found here. Insiders have sold 6,112,990 shares of company stock valued at $1,222,250,048 over the last ninety days. 10.80% of the stock is owned by insiders.

About Amazon.com

(Free Report)

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.