Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lifted by Lincoln Capital Corp

Lincoln Capital Corp lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,844 shares of the e-commerce giant’s stock after buying an additional 200 shares during the period. Amazon.com makes up 3.9% of Lincoln Capital Corp’s investment portfolio, making the stock its 8th largest holding. Lincoln Capital Corp’s holdings in Amazon.com were worth $7,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after purchasing an additional 12,456,995 shares during the period. State Street Corp boosted its stake in Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC lifted its stake in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Amazon.com by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock worth $17,031,683,000 after acquiring an additional 3,774,390 shares during the period. 57.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $130.53, for a total transaction of $65,265.00. Following the transaction, the chief executive officer now owns 104,520 shares of the company’s stock, valued at approximately $13,642,995.60. The disclosure for this sale can be found here. Insiders sold 1,408,645 shares of company stock worth $55,208,288 in the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMZN shares. Evercore ISI raised their target price on shares of Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Telsey Advisory Group raised their target price on shares of Amazon.com from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday. TD Cowen increased their price target on shares of Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Credit Suisse Group increased their price target on shares of Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, Truist Financial cut their price target on shares of Amazon.com from $176.00 to $174.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Three research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.70.

Amazon.com Stock Up 6.8 %

AMZN stock opened at $127.74 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86. The firm’s 50-day simple moving average is $132.39 and its 200 day simple moving average is $125.38. The stock has a market cap of $1.32 trillion, a PE ratio of 100.58, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 2.24 EPS for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.