Jackson Wealth Management LLC Buys New Holdings in Amazon.com, Inc. (AMZN)

Jackson Wealth Management LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,725 shares of the e-commerce giant’s stock, valued at approximately $25,578,000. Amazon.com accounts for approximately 6.0% of Jackson Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding.

Other large investors also recently added to or reduced their stakes in the company. Guidant Wealth Advisors grew its holdings in Amazon.com by 657.4% during the second quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock worth $100,000 after acquiring an additional 355 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in Amazon.com during the first quarter worth $145,000. Braun Bostich & Associates Inc. acquired a new position in Amazon.com during the first quarter worth $174,000. Legacy Advisors LLC grew its holdings in Amazon.com by 47.1% during the second quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock worth $175,000 after acquiring an additional 33 shares during the period. Finally, JJJ Advisors Inc. acquired a new position in Amazon.com during the second quarter worth $175,000. 55.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:AMZN opened at $1,690.17 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. Amazon.com, Inc. has a 52-week low of $1,124.74 and a 52-week high of $2,050.50. The firm has a market capitalization of $826.44 billion, a PE ratio of 371.47, a P/E/G ratio of 3.21 and a beta of 1.70.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The business had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. On average, equities analysts anticipate that Amazon.com, Inc. will post 19.49 EPS for the current fiscal year.

In other news, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,566.69, for a total value of $2,704,106.94. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel P. Huttenlocher sold 181 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $1,579.89, for a total value of $285,960.09. The disclosure for this sale can be found here. Insiders sold 27,842 shares of company stock worth $46,521,741 over the last 90 days. Company insiders own 16.30% of the company’s stock.

A number of research analysts recently weighed in on the company. Wedbush set a $2,100.00 price objective on Amazon.com and gave the stock a “buy” rating in a report on Tuesday, October 23rd. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, October 26th. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a report on Wednesday, August 15th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, August 23rd. Finally, JMP Securities reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, October 30th. Three investment analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $2,101.01.

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Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

Further Reading: What is insider trading?

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

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