Lazard Freres Gestion S.A.S. Purchases 22,522 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Lazard Freres Gestion S.A.S. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,701,299 shares of the e-commerce giant’s stock after acquiring an additional 22,522 shares during the quarter. Amazon.com makes up approximately 7.2% of Lazard Freres Gestion S.A.S.’s portfolio, making the stock its 2nd biggest position. Lazard Freres Gestion S.A.S.’s holdings in Amazon.com were worth $323,058,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Garrison Point Advisors LLC boosted its stake in Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after purchasing an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. boosted its stake in Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after purchasing an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC boosted its stake in Amazon.com by 0.7% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after purchasing an additional 56 shares during the last quarter. Stordahl Capital Management Inc. boosted its stake in Amazon.com by 2.1% during the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after purchasing an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC boosted its stake in Amazon.com by 1.9% during the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.9 %

Amazon.com stock opened at $191.60 on Friday. The stock has a market cap of $1.99 trillion, a P/E ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The firm’s fifty day moving average price is $178.54 and its 200-day moving average price is $182.04.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Equities research analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 over the last 90 days. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMZN shares. Stifel Nicolaus cut their price target on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Evercore ISI boosted their target price on Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday. Sanford C. Bernstein boosted their target price on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Wolfe Research started coverage on Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Finally, TD Securities boosted their target price on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $222.84.

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.