Lombard Odier Asset Management USA Corp Has $1.67 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Lombard Odier Asset Management USA Corp lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 43.7% during the second quarter, HoldingsChannel reports. The firm owned 8,624 shares of the e-commerce giant’s stock after acquiring an additional 2,624 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Amazon.com were worth $1,667,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AMZN. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares in the last quarter. Steph & Co. bought a new position in shares of Amazon.com during the first quarter worth about $65,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com during the first quarter worth about $69,000. Finally, Innealta Capital LLC bought a new position in shares of Amazon.com during the second quarter worth about $77,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Bank of America decreased their price objective on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wells Fargo & Company downgraded Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Pivotal Research assumed coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price target for the company. BMO Capital Markets restated an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Thursday, September 19th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the business’s 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 owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $189.70 on Wednesday. The stock has a market capitalization of $1.97 trillion, a PE ratio of 53.14, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The business has a fifty day moving average price of $182.82 and a two-hundred day moving average price of $183.53. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

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 analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, equities analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

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.