J Arnold Wealth Management Co Has $22.29 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

J Arnold Wealth Management Co boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,284 shares of the e-commerce giant’s stock after purchasing an additional 8,105 shares during the period. Amazon.com comprises 12.6% of J Arnold Wealth Management Co’s holdings, making the stock its 2nd largest position. J Arnold Wealth Management Co’s holdings in Amazon.com were worth $22,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AMZN. State Street Corp increased its holdings in Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after acquiring an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Amazon.com by 1,944.4% in the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after acquiring an additional 57,043,701 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 15,787 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now owns 522,251 shares in the company, valued at $53,844,078.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the transaction, the chief executive officer now owns 112,795 shares in the company, valued at $11,505,090. 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 15,787 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the transaction, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Insiders have sold a total of 52,428 shares of company stock worth $5,077,578 over the last quarter. Company insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Cowen raised their price objective on Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, December 1st. Evercore ISI decreased their price objective on Amazon.com from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, December 19th. Oppenheimer decreased their price objective on Amazon.com from $165.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. The Goldman Sachs Group decreased their price objective on Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a report on Friday, January 13th. Finally, Credit Suisse Group reduced their price target on Amazon.com from $159.00 to $142.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.87.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $97.52 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The stock has a market cap of $994.87 billion, a price-to-earnings ratio of 89.51, a P/E/G ratio of 3.06 and a beta of 1.22. The company’s fifty day moving average is $90.70 and its 200 day moving average is $110.10.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same period in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 0.68 EPS for the current year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

Further Reading

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

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