Amazon.com, Inc. (NASDAQ:AMZN) is Lee Johnson Capital Management LLC's 7th Largest Position

Lee Johnson Capital Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1,154.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,646 shares of the e-commerce giant's stock after purchasing an additional 21,761 shares during the period. Amazon.com makes up about 2.3% of Lee Johnson Capital Management LLC's holdings, making the stock its 7th biggest position. Lee Johnson Capital Management LLC's holdings in Amazon.com were worth $4,406,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. PayPay Securities Corp grew its stake in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new position in Amazon.com during the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in Amazon.com during the first quarter valued at approximately $69,000. Finally, Innealta Capital LLC purchased a new position in Amazon.com during the second quarter valued at approximately $77,000. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Telsey Advisory Group boosted their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. UBS Group boosted their price target on shares of Amazon.com from $220.00 to $223.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. TD Cowen boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $197.00 price objective on shares of Amazon.com in a research note on Wednesday. Finally, Scotiabank upped their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.77.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,011,423 shares of company stock worth $1,249,093,896 in the last quarter. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $202.88 on Thursday. Amazon.com, Inc. has a one year low of $141.50 and a one year high of $215.90. The company's 50-day moving average is $192.56 and its 200 day moving average is $186.18. The company has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 43.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm posted $0.85 EPS. The business's quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal 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.