L & S Advisors Inc Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

L & S Advisors Inc raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 16.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,458 shares of the e-commerce giant’s stock after acquiring an additional 15,207 shares during the period. Amazon.com makes up 2.4% of L & S Advisors Inc’s portfolio, making the stock its 5th largest holding. L & S Advisors Inc’s holdings in Amazon.com were worth $20,766,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Collective Family Office LLC increased its holdings in Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after acquiring an additional 819 shares during the last quarter. Phillips Wealth Planners LLC increased its holdings in shares of Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after buying an additional 224 shares during the last quarter. Stonekeep Investments LLC bought a new stake in shares of Amazon.com in the 2nd quarter worth about $2,588,000. Concord Investment Counsel Inc. bought a new stake in shares of Amazon.com in the 1st quarter worth about $20,790,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Amazon.com by 26.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock worth $116,222,000 after buying an additional 133,471 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 0.3 %

Shares of Amazon.com stock opened at $187.53 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The firm has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.53, a PEG ratio of 1.38 and a beta of 1.14. The firm’s 50 day simple moving average is $181.54 and its two-hundred day simple moving average is $183.35.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock valued at $9,877,423 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JMP Securities restated a “market outperform” rating and issued a $265.00 target price on shares of Amazon.com in a report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a report on Thursday, September 12th. Rosenblatt Securities lifted their price target on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Loop Capital lifted their price target on shares of Amazon.com from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, TD Securities lifted their price target on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Company 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.