Laffer Tengler Investments Inc. Has $4.51 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Laffer Tengler Investments Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,658 shares of the e-commerce giant’s stock after buying an additional 2,523 shares during the period. Amazon.com accounts for about 1.2% of Laffer Tengler Investments Inc.’s portfolio, making the stock its 28th biggest holding. Laffer Tengler Investments Inc.’s holdings in Amazon.com were worth $4,506,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AMZN. E Fund Management Hong Kong Co. Ltd. boosted its stake in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC bought a new stake in Amazon.com in the 4th quarter valued at $43,000. Bruce G. Allen Investments LLC bought a new stake in Amazon.com in the 4th quarter valued at $57,000. Authentikos Wealth Advisory LLC bought a new stake in Amazon.com in the 3rd quarter valued at $49,000. Finally, Advantage Trust Co bought a new stake in Amazon.com in the 4th quarter valued at $68,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.1 %

Shares of NASDAQ:AMZN opened at $181.28 on Thursday. The business’s 50 day simple moving average is $182.36 and its two-hundred day simple moving average is $168.28. The firm has a market cap of $1.89 trillion, a P/E ratio of 50.78, a PEG ratio of 1.28 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research note on Wednesday, May 15th. JMP Securities reiterated a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Argus upped their target price on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Citigroup upped their target price on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Oppenheimer upped their target price on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus target price of $212.40.

Get Our Latest Report on Amazon.com

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,838 shares of company stock worth $11,984,344. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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