Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by White Lighthouse Investment Management Inc.

Posted by on Jul 13th, 2023

White Lighthouse Investment Management Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,446 shares of the e-commerce giant’s stock after purchasing an additional 180 shares during the period. White Lighthouse Investment Management Inc.’s holdings in Amazon.com were worth $1,492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. USAdvisors Wealth Management LLC increased its holdings in Amazon.com by 12.5% in the fourth quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock valued at $272,000 after buying an additional 359 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $426,000. Veritas Asset Management LLP increased its stake in shares of Amazon.com by 19.6% during the 4th quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock worth $660,964,000 after purchasing an additional 1,286,797 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp increased its stake in shares of Amazon.com by 1.2% during the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after purchasing an additional 3,840 shares in the last quarter. Finally, Sarasin & Partners LLP increased its stake in shares of Amazon.com by 0.7% during the 4th quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock worth $207,350,000 after purchasing an additional 17,993 shares in the last quarter. Institutional investors and hedge funds own 56.67% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $130.80 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The company has a 50-day moving average of $121.77 and a 200-day moving average of $105.95. The company has a market capitalization of $1.34 trillion, a P/E ratio of 311.43, a PEG ratio of 2.52 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 1.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Piper Jaffray Companies raised their price objective on shares of Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Wells Fargo & Company assumed coverage on shares of Amazon.com in a research note on Wednesday, June 7th. They set an “overweight” rating and a $159.00 price objective for the company. Sanford C. Bernstein raised their price objective on shares of Amazon.com from $125.00 to $140.00 in a research note on Wednesday, May 31st. Oppenheimer lowered their target price on shares of Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, April 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $144.93.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the completion of the sale, the chief executive officer now owns 152,780 shares of the company’s stock, valued at approximately $19,291,530.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 21,925 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the completion of the transaction, the chief executive officer now directly owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the transaction, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The disclosure for this sale can be found here. Insiders sold a total of 73,845 shares of company stock valued at $8,536,085 in the last quarter. Insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

Further Reading

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.