Amazon.com, Inc. (NASDAQ:AMZN) Stake Increased by LCM Capital Management Inc

LCM Capital Management Inc increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,919 shares of the e-commerce giant’s stock after acquiring an additional 286 shares during the period. Amazon.com comprises approximately 2.3% of LCM Capital Management Inc’s portfolio, making the stock its 10th largest position. LCM Capital Management Inc’s holdings in Amazon.com were worth $3,656,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Amazon.com by 4.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 181,395 shares of the e-commerce giant’s stock valued at $27,561,000 after purchasing an additional 7,347 shares in the last quarter. Edgemoor Investment Advisors Inc. lifted its stake in shares of Amazon.com by 1.8% in the 4th quarter. Edgemoor Investment Advisors Inc. now owns 174,454 shares of the e-commerce giant’s stock valued at $26,507,000 after acquiring an additional 3,042 shares during the last quarter. Josh Arnold Investment Consultant LLC boosted its holdings in Amazon.com by 1.2% during the 4th quarter. Josh Arnold Investment Consultant LLC now owns 119,037 shares of the e-commerce giant’s stock valued at $18,086,000 after acquiring an additional 1,430 shares during the period. Integrity Financial Corp WA grew its position in Amazon.com by 3.5% during the 4th quarter. Integrity Financial Corp WA now owns 8,604 shares of the e-commerce giant’s stock worth $1,307,000 after acquiring an additional 293 shares during the last quarter. Finally, Rooted Wealth Advisors Inc. increased its stake in Amazon.com by 10.7% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 7,145 shares of the e-commerce giant’s stock worth $1,086,000 after purchasing an additional 693 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders sold 6,098,297 shares of company stock worth $1,219,443,957 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Down 1.7 %

Shares of AMZN opened at $187.97 on Monday. The stock has a 50-day moving average price of $178.92 and a 200 day moving average price of $182.68. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a market capitalization of $1.96 trillion, a P/E ratio of 52.65, a P/E/G ratio of 1.46 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 (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Sell-side analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Piper Sandler cut their target price on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. UBS Group raised their price target on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Maxim Group upped their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Wells Fargo & Company reduced their price target on Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. One equities research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $222.84.

Amazon.com 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.