Amazon.com, Inc. (NASDAQ:AMZN) Holdings Increased by Lazari Capital Management Inc.

Lazari Capital Management Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 76,156 shares of the e-commerce giant’s stock after acquiring an additional 3,188 shares during the quarter. Amazon.com comprises 6.6% of Lazari Capital Management Inc.’s holdings, making the stock its 3rd largest position. Lazari Capital Management Inc.’s holdings in Amazon.com were worth $14,717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Phillips Wealth Planners LLC raised its stake in shares of Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after acquiring an additional 224 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after purchasing an additional 14,766 shares during the period. Stonekeep Investments LLC bought a new stake in Amazon.com during the 2nd quarter valued at $2,588,000. Rockport Wealth LLC grew its position in shares of Amazon.com by 2,240.6% during the 2nd quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock worth $14,832,000 after buying an additional 73,470 shares in the last quarter. Finally, Concord Investment Counsel Inc. purchased a new position in shares of Amazon.com during the first quarter valued at $20,790,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Truist Financial upped their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Loop Capital increased their price objective on shares of Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. UBS Group lifted their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday. Barclays upped their target price on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $236.76.

Amazon.com Trading Up 1.3 %

Amazon.com stock opened at $190.83 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.99 trillion, a PE ratio of 53.45, a P/E/G ratio of 1.38 and a beta of 1.14. The stock’s 50 day simple moving average is $183.94 and its two-hundred day simple moving average is $183.57. Amazon.com, Inc. has a 12 month low of $128.56 and a 12 month high of $201.20.

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

Insider Activity

In related news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company’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 transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock worth $9,877,423 in the last ninety days. Company insiders own 10.80% of the company’s stock.

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.