Legacy Capital Wealth Partners LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Legacy Capital Wealth Partners LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the third quarter, Holdings Channel reports. The institutional investor owned 18,201 shares of the e-commerce giant’s stock after buying an additional 217 shares during the period. Amazon.com comprises 0.6% of Legacy Capital Wealth Partners LLC’s holdings, making the stock its 27th biggest position. Legacy Capital Wealth Partners LLC’s holdings in Amazon.com were worth $3,391,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMZN. Disciplined Investments LLC bought a new stake in Amazon.com during the 3rd quarter worth approximately $212,000. Axxcess Wealth Management LLC raised its position in shares of Amazon.com by 2.8% during the 3rd quarter. Axxcess Wealth Management LLC now owns 262,687 shares of the e-commerce giant’s stock valued at $48,946,000 after purchasing an additional 7,203 shares during the period. Alan B Lancz & Associates Inc. lifted its stake in shares of Amazon.com by 1.9% during the 3rd quarter. Alan B Lancz & Associates Inc. now owns 10,594 shares of the e-commerce giant’s stock valued at $1,974,000 after buying an additional 200 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted its holdings in Amazon.com by 1.0% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 9,082 shares of the e-commerce giant’s stock worth $1,692,000 after buying an additional 94 shares during the period. Finally, FMB Wealth Management increased its stake in Amazon.com by 7.2% in the 3rd quarter. FMB Wealth Management now owns 4,109 shares of the e-commerce giant’s stock worth $766,000 after buying an additional 277 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 0.7 %

NASDAQ:AMZN opened at $224.92 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.37 trillion, a PE ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a 50-day moving average of $205.83 and a 200 day moving average of $191.30. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Mizuho increased 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 Tuesday, December 10th. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a report on Wednesday, November 20th. Finally, Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 over the last quarter. 10.80% of the stock is owned by corporate 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.