Amazon.com, Inc. $AMZN Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,678 shares of the e-commerce giant’s stock after purchasing an additional 2,340 shares during the quarter. Amazon.com makes up about 1.5% of Lindbrook Capital LLC’s investment portfolio, making the stock its 10th biggest holding. Lindbrook Capital LLC’s holdings in Amazon.com were worth $15,921,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the fourth quarter worth $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter valued at about $35,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter valued at about $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 0.0%

Shares of NASDAQ AMZN opened at $231.03 on Monday. The company has a market capitalization of $2.46 trillion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company’s 50 day moving average price is $221.41 and its 200-day moving average price is $208.26.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMZN. Tigress Financial increased their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. BNP Paribas Exane raised shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. Truist Financial raised their price target on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Pivotal Research increased their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average price target of $262.87.

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.