LifeWealth Investments LLC Acquires 5,270 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

LifeWealth Investments LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 38.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,916 shares of the e-commerce giant's stock after buying an additional 5,270 shares during the period. Amazon.com comprises 1.5% of LifeWealth Investments LLC's portfolio, making the stock its 18th biggest holding. LifeWealth Investments LLC's holdings in Amazon.com were worth $3,599,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter valued at about $35,000. Perritt Capital Management Inc lifted its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new stake in Amazon.com during the 4th quarter worth about $51,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock traded up $4.28 during trading hours on Wednesday, reaching $223.64. The stock had a trading volume of 4,127,765 shares, compared to its average volume of 44,616,836. The stock's fifty day simple moving average is $207.80 and its 200 day simple moving average is $208.58. The firm has a market capitalization of $2.37 trillion, a PE ratio of 36.42, a PEG ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Scotiabank reduced their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Jefferies Financial Group dropped their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a report on Friday, June 27th. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Finally, Telsey Advisory Group restated an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $246.41.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of Amazon.com stock in a transaction on Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the completion of the transaction, the insider owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. The trade was a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,401,408 shares of company stock valued at $1,423,159,137 over the last quarter. Insiders own 10.80% of the company's stock.

Amazon.com Company 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.