Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by Jackson Wealth Management LLC

Jackson Wealth Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 60.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,482 shares of the e-commerce giant’s stock after purchasing an additional 2,815 shares during the quarter. Amazon.com comprises about 3.7% of Jackson Wealth Management LLC’s investment portfolio, making the stock its 7th largest position. Jackson Wealth Management LLC’s holdings in Amazon.com were worth $20,641,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Advisors LLC raised its stake in Amazon.com by 23.3% during the second quarter. Legacy Advisors LLC now owns 1,038 shares of the e-commerce giant’s stock valued at $2,864,000 after purchasing an additional 196 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of Amazon.com by 87.0% during the first quarter. Boston Trust Walden Corp now owns 1,997 shares of the e-commerce giant’s stock valued at $3,894,000 after buying an additional 929 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Amazon.com by 7.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 68,348 shares of the e-commerce giant’s stock valued at $133,260,000 after buying an additional 4,521 shares during the period. IHT Wealth Management LLC boosted its position in shares of Amazon.com by 6.6% during the first quarter. IHT Wealth Management LLC now owns 6,500 shares of the e-commerce giant’s stock valued at $12,673,000 after buying an additional 405 shares during the period. Finally, RDA Financial Network boosted its position in shares of Amazon.com by 4.7% during the first quarter. RDA Financial Network now owns 877 shares of the e-commerce giant’s stock valued at $1,710,000 after buying an additional 39 shares during the period. 64.54% of the stock is currently owned by institutional investors.

In other news, Director Patricia Q. Stonesifer sold 2,200 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the transaction, the director now directly owns 4,645 shares of the company’s stock, valued at approximately $10,820,248.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 6,945 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the transaction, the chief executive officer now directly owns 93,105 shares in the company, valued at $210,091,432.50. The disclosure for this sale can be found here. Insiders own 16.10% of the company’s stock.

Shares of Amazon.com stock opened at $3,164.68 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84. The stock has a market capitalization of $1,578.47 billion, a price-to-earnings ratio of 121.67, a PEG ratio of 5.83 and a beta of 1.32. The firm’s fifty day simple moving average is $2,884.55 and its 200-day simple moving average is $2,314.52. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $3,344.29.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $8.56. The company had revenue of $88.91 billion for the quarter, compared to analysts’ expectations of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. Analysts anticipate that Amazon.com, Inc. will post 20.12 earnings per share for the current year.

AMZN has been the subject of several research analyst reports. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $3,500.00 to $3,750.00 and gave the company a “buy” rating in a research note on Friday. BofA Securities boosted their price objective on shares of Amazon.com from $3,280.00 to $3,560.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group boosted their price objective on shares of Amazon.com from $3,000.00 to $4,000.00 and gave the stock a “buy” rating in a research note on Friday. Citigroup boosted their price objective on shares of Amazon.com from $2,700.00 to $3,550.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Benchmark boosted their price objective on shares of Amazon.com from $2,650.00 to $3,675.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $3,240.51.

About Amazon.com

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

Featured Article: S&P/TSX Index

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.