White Lighthouse Investment Management Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,475 shares of the e-commerce giant’s stock after buying an additional 257 shares during the period. White Lighthouse Investment Management Inc.’s holdings in Amazon.com were worth $3,176,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter worth about $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $36,000. Maryland Capital Advisors Inc. raised its holdings in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new position in Amazon.com during the second quarter valued at approximately $48,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com during the first quarter worth approximately $59,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Trading Down 1.2%
Shares of AMZN opened at $234.69 on Friday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The stock has a 50-day moving average price of $228.70 and a 200 day moving average price of $220.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.51 trillion, a P/E ratio of 35.78, a P/E/G ratio of 1.52 and a beta of 1.29.
Insider Activity
In other news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This trade represents a 26.59% 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, CEO Douglas J. Herrington sold 22,000 shares of Amazon.com stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $5,500,660.00. Following the completion of the transaction, the chief executive officer owned 493,507 shares of the company’s stock, valued at $123,391,555.21. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 123,300 shares of company stock worth $28,294,038 over the last ninety days. Insiders own 9.70% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on AMZN shares. Raymond James Financial raised their target price on shares of Amazon.com from $230.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Mizuho set a $315.00 price objective on Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Wolfe Research boosted their price objective on Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. CICC Research increased their target price on Amazon.com from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Finally, JMP Securities set a $300.00 target price on Amazon.com in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $294.15.
Get Our Latest Report on Amazon.com
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.
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