Lucia Wealth Services LLC Has $521,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Lucia Wealth Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 267 shares of the e-commerce giant’s stock after acquiring an additional 55 shares during the quarter. Lucia Wealth Services LLC’s holdings in Amazon.com were worth $521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Danda Trouve Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at approximately $28,000. Deane Retirement Strategies Inc. lifted its stake in Amazon.com by 142.9% in the first quarter. Deane Retirement Strategies Inc. now owns 17 shares of the e-commerce giant’s stock valued at $33,000 after buying an additional 10 shares during the period. ERTS Wealth Advisors LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $35,000. Your Advocates Ltd. LLP acquired a new position in shares of Amazon.com during the first quarter worth approximately $37,000. Finally, Sailer Financial LLC acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $55,000. 64.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Telsey Advisory Group upped their target price on Amazon.com from $2,350.00 to $2,800.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Susquehanna Bancshares reaffirmed a “positive” rating and set a $3,000.00 target price (up from $2,500.00) on shares of Amazon.com in a research report on Friday, May 1st. Mizuho reaffirmed a “buy” rating and set a $2,550.00 target price (up from $2,300.00) on shares of Amazon.com in a research report on Friday, May 1st. China International Capital upped their target price on Amazon.com from $1,850.00 to $2,162.00 in a research report on Wednesday, May 6th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $2,725.00 target price on shares of Amazon.com in a research report on Monday, April 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and forty-six have issued a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $2,538.89.

Shares of NASDAQ AMZN opened at $2,401.10 on Friday. Amazon.com, Inc. has a one year low of $1,626.03 and a one year high of $2,525.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84. The business’s fifty day moving average price is $2,339.09 and its 200-day moving average price is $1,993.99. The stock has a market capitalization of $1,202.24 billion, a PE ratio of 114.72, a P/E/G ratio of 5.09 and a beta of 1.34.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 EPS for the quarter, missing analysts’ consensus estimates of $6.36 by ($1.35). Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. The firm had revenue of $75.45 billion for the quarter, compared to analysts’ expectations of $74.15 billion. During the same period in the prior year, the company earned $7.09 EPS. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 19.75 EPS for the current fiscal year.

In other news, Director Indra K. Nooyi purchased 100 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were purchased at an average price of $1,930.41 per share, with a total value of $193,041.00. Following the transaction, the director now directly owns 352 shares of the company’s stock, valued at $679,504.32. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Patricia Q. Stonesifer sold 2,200 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $2,329.44, for a total value of $5,124,768.00. Following the sale, the director now directly owns 4,645 shares in the company, valued at approximately $10,820,248.80. The disclosure for this sale can be found here. Insiders have sold a total of 9,497 shares of company stock worth $21,605,827 in the last ninety days. Insiders own 16.10% of the company’s stock.

About Amazon.com

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 third-party sellers through physical stores and online stores.

Read More: Profit margin is different from the revenue

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).