Lakeshore Financial Planning Inc. Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Lakeshore Financial Planning Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 16.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,778 shares of the e-commerce giant’s stock after buying an additional 388 shares during the quarter. Lakeshore Financial Planning Inc.’s holdings in Amazon.com were worth $518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. City State Bank increased its holdings in Amazon.com by 1.7% during the 2nd quarter. City State Bank now owns 15,770 shares of the e-commerce giant’s stock worth $3,048,000 after purchasing an additional 270 shares during the period. Monterey Private Wealth Inc. increased its stake in shares of Amazon.com by 6.5% during the second quarter. Monterey Private Wealth Inc. now owns 12,288 shares of the e-commerce giant’s stock valued at $2,375,000 after buying an additional 755 shares during the period. Lynx Investment Advisory bought a new stake in shares of Amazon.com in the second quarter valued at about $2,609,000. New England Research & Management Inc. lifted its stake in Amazon.com by 7.4% in the second quarter. New England Research & Management Inc. now owns 10,109 shares of the e-commerce giant’s stock worth $1,954,000 after acquiring an additional 696 shares during the period. Finally, Marion Wealth Management grew its holdings in Amazon.com by 9.4% during the 2nd quarter. Marion Wealth Management now owns 4,911 shares of the e-commerce giant’s stock worth $949,000 after acquiring an additional 422 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $232.93 on Tuesday. The company has a 50 day moving average price of $202.70 and a 200-day moving average price of $190.16. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The firm has a market cap of $2.45 trillion, a price-to-earnings ratio of 49.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AMZN shares. Maxim Group upped their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial increased their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Evercore ISI boosted their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group raised their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Bank of America boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.67.

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.