Buck Wealth Strategies LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Buck Wealth Strategies LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,233 shares of the e-commerce giant's stock after acquiring an additional 3,623 shares during the period. Amazon.com comprises about 2.1% of Buck Wealth Strategies LLC's investment portfolio, making the stock its 10th biggest holding. Buck Wealth Strategies LLC's holdings in Amazon.com were worth $11,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc increased its stake in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter valued at approximately $40,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $51,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMZN. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. UBS Group restated a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a research report on Tuesday. DA Davidson decreased their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Citizens Jmp assumed coverage on shares of Amazon.com in a research report on Thursday. They issued a "strong-buy" rating on the stock. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $249.42.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 384,124 shares of Amazon.com stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $224.02, for a total transaction of $86,051,458.48. Following the completion of the transaction, the insider directly owned 901,995,325 shares in the company, valued at $202,064,992,706.50. This trade represents a 0.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 in the last three months. Corporate insiders own 9.70% of the company's stock.

Amazon.com Trading Up 1.2%

Shares of AMZN stock opened at $225.02 on Friday. The firm has a 50 day moving average price of $209.90 and a two-hundred day moving average price of $208.63. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.39 trillion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.67 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the business posted $0.98 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.

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