LJI Wealth Management LLC Has $2.55 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

LJI Wealth Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,405 shares of the e-commerce giant’s stock after purchasing an additional 467 shares during the quarter. Amazon.com accounts for 0.5% of LJI Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding. LJI Wealth Management LLC’s holdings in Amazon.com were worth $2,551,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. raised its stake in Amazon.com by 1.1% during the 1st quarter. Sumitomo Life Insurance Co. now owns 184,765 shares of the e-commerce giant’s stock valued at $35,153,000 after purchasing an additional 2,066 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Amazon.com by 269.6% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,677,131 shares of the e-commerce giant’s stock valued at $319,091,000 after purchasing an additional 1,223,351 shares during the period. Baer Investment Advisory LLC raised its stake in Amazon.com by 0.6% during the 1st quarter. Baer Investment Advisory LLC now owns 25,631 shares of the e-commerce giant’s stock valued at $5,372,000 after purchasing an additional 151 shares during the period. Elite Wealth Management Inc. raised its stake in Amazon.com by 0.7% during the 1st quarter. Elite Wealth Management Inc. now owns 221,787 shares of the e-commerce giant’s stock valued at $42,197,000 after purchasing an additional 1,541 shares during the period. Finally, Lokken Investment Group LLC raised its stake in Amazon.com by 4.8% during the 1st quarter. Lokken Investment Group LLC now owns 4,050 shares of the e-commerce giant’s stock valued at $771,000 after purchasing an additional 184 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.6%

NASDAQ AMZN opened at $221.30 on Tuesday. The firm has a market cap of $2.36 trillion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock’s 50 day simple moving average is $219.94 and its 200 day simple moving average is $208.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMZN shares. Susquehanna boosted their target price on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research note on Friday, August 1st. BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Tigress Financial boosted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Finally, Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $262.45.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,101,037 shares of company stock valued at $5,674,726,368. 10.80% of the stock is currently owned by company insiders.

Amazon.com 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.