Jackson Wealth Management LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Jackson Wealth Management LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 52.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,916 shares of the e-commerce giant’s stock after acquiring an additional 9,257 shares during the quarter. Jackson Wealth Management LLC’s holdings in Amazon.com were worth $5,015,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Garrison Point Advisors LLC raised its position in Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after buying an additional 55 shares during the period. Meridian Investment Counsel Inc. grew its stake in Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after purchasing an additional 55 shares in the last quarter. O Connor Financial Group LLC grew its stake in Amazon.com by 2.2% in the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after purchasing an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC grew its stake in Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after purchasing an additional 55 shares in the last quarter. Finally, Mason & Associates Inc grew its stake in Amazon.com by 0.4% in the second quarter. Mason & Associates Inc now owns 13,427 shares of the e-commerce giant’s stock valued at $2,595,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,026,683 shares of company stock worth $1,252,148,795 in the last 90 days. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on AMZN shares. Maxim Group boosted their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Roth Mkm boosted their target price on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus boosted their target price on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Pivotal Research initiated coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. Finally, TD Cowen upped their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Price Performance

Shares of AMZN stock opened at $205.74 on Thursday. The stock has a 50 day moving average of $194.14 and a two-hundred day moving average of $186.66. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The company has a market capitalization of $2.16 trillion, a P/E ratio of 44.06, a P/E/G ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

About Amazon.com

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.