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LifeGoal Investments LLC Acquires 3,916 Shares of Amazon.com, Inc. $AMZN

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Key Points

  • LifeGoal Investments LLC boosted its Amazon stake by 111.3%, adding 3,916 shares to reach 7,433 shares valued at about $1.716 million, making AMZN 1.1% of its portfolio and its 19th-largest holding.
  • Insiders have sold 72,686 shares (~$14.9M) in the past three months — including Douglas J. Herrington (6,835 shares) and Andrew R. Jassy (19,872 shares) — though insiders still own about 9.7% of the company.
  • Shares are trading up (~3.5%) on positive catalysts like AWS AI chip traction and a USPS logistics deal, while analysts rate Amazon an average “Moderate Buy” with a mean price target of $287.39, offset by legal and operational risks.
  • Five stocks we like better than Amazon.com.

LifeGoal Investments LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 111.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,433 shares of the e-commerce giant's stock after acquiring an additional 3,916 shares during the period. Amazon.com comprises 1.1% of LifeGoal Investments LLC's portfolio, making the stock its 19th biggest position. LifeGoal Investments LLC's holdings in Amazon.com were worth $1,716,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. State Street Corp lifted its stake in shares of Amazon.com by 2.0% during the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant's stock worth $83,805,794,000 after acquiring an additional 7,584,156 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock worth $47,332,625,000 after acquiring an additional 3,721,658 shares during the last quarter. Norges Bank bought a new stake in shares of Amazon.com during the 2nd quarter worth approximately $27,438,011,000. Finally, Northern Trust Corp lifted its stake in shares of Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock worth $18,527,354,000 after acquiring an additional 302,858 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.82, for a total value of $1,406,779.70. Following the transaction, the chief executive officer directly owned 522,361 shares in the company, valued at approximately $107,512,341.02. This trade represents a 1.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the completion of the transaction, the chief executive officer owned 2,238,118 shares in the company, valued at $459,217,051.24. This represents a 0.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 72,686 shares of company stock worth $14,899,239. Insiders own 9.70% of the company's stock.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Wall Street Analyst Weigh In

Several research analysts have commented on the company. New Street Research reduced their price objective on Amazon.com from $285.00 to $280.00 and set a "buy" rating on the stock in a report on Monday, March 30th. Daiwa Securities Group reduced their price objective on Amazon.com from $300.00 to $280.00 and set a "buy" rating on the stock in a report on Wednesday, February 11th. The Goldman Sachs Group raised their price objective on Amazon.com from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, January 14th. Weiss Ratings restated a "buy (b)" rating on shares of Amazon.com in a report on Friday, March 27th. Finally, Piper Sandler restated an "overweight" rating and set a $260.00 price objective (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $287.39.

Get Our Latest Report on AMZN

Amazon.com Trading Up 3.5%

Shares of NASDAQ:AMZN opened at $221.25 on Thursday. Amazon.com, Inc. has a 12-month low of $165.29 and a 12-month high of $258.60. The business's fifty day simple moving average is $212.14 and its 200-day simple moving average is $223.98. The company has a market capitalization of $2.38 trillion, a PE ratio of 30.86, a P/E/G ratio of 1.57 and a beta of 1.38. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company had revenue of $213.39 billion during the quarter, compared to analysts' expectations of $211.02 billion. During the same quarter in the prior year, the business posted $1.86 earnings per share. The company's revenue was up 13.6% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Featured Articles

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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