Lion Street Advisors LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 94.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,187 shares of the e-commerce giant’s stock after selling 21,237 shares during the quarter. Amazon.com makes up about 1.3% of Lion Street Advisors LLC’s investment portfolio, making the stock its 8th largest position. Lion Street Advisors LLC’s holdings in Amazon.com were worth $4,002,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Planning LLC lifted its stake in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $37,000. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com during the first quarter valued at about $38,000. Atlantic Private Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter valued at about $43,000. Finally, Goodwin Investment Advisory lifted its position in shares of Amazon.com by 1,225.8% during the second quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock valued at $44,000 after buying an additional 380 shares during the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on AMZN. Mizuho reissued a “buy” rating and set a $180.00 price target on shares of Amazon.com in a research report on Wednesday, September 27th. Canaccord Genuity Group increased their price target on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Credit Suisse Group upped their price objective 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. Loop Capital upped their price objective on shares of Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Roth Mkm upped their price objective on shares of Amazon.com from $155.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.00.
Amazon.com Trading Up 2.9 %
Shares of AMZN stock opened at $137.00 on Thursday. The stock’s fifty day moving average is $132.22 and its two-hundred day moving average is $126.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. The firm has a market capitalization of $1.42 trillion, a P/E ratio of 70.98, a PEG ratio of 1.90 and a beta of 1.24. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. Research analysts expect that Amazon.com, Inc. will post 2.45 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total transaction of $69,240.00. Following the completion of the sale, the chief executive officer now directly owns 106,520 shares of the company’s stock, valued at approximately $14,750,889.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the completion of the transaction, the chief executive officer now directly owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,404,645 shares of company stock valued at $54,674,088. 12.70% of the stock is currently owned by insiders.
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.
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