LVZ Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,807 shares of the e-commerce giant’s stock after acquiring an additional 436 shares during the quarter. Amazon.com makes up 0.3% of LVZ Inc.’s investment portfolio, making the stock its 25th largest holding. LVZ Inc.’s holdings in Amazon.com were worth $2,810,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of AMZN. MCF Advisors LLC boosted its stake in shares of Amazon.com by 1.4% during the 2nd quarter. MCF Advisors LLC now owns 19,407 shares of the e-commerce giant’s stock valued at $4,258,000 after buying an additional 277 shares during the period. Hyperion Asset Management Ltd boosted its stake in shares of Amazon.com by 4.3% during the 2nd quarter. Hyperion Asset Management Ltd now owns 1,235,431 shares of the e-commerce giant’s stock valued at $271,041,000 after buying an additional 51,196 shares during the period. Unified Investment Management boosted its stake in shares of Amazon.com by 2.0% during the 2nd quarter. Unified Investment Management now owns 8,016 shares of the e-commerce giant’s stock valued at $1,759,000 after buying an additional 161 shares during the period. Eaton Financial Holdings Company LLC boosted its stake in shares of Amazon.com by 24.4% during the 2nd quarter. Eaton Financial Holdings Company LLC now owns 27,161 shares of the e-commerce giant’s stock valued at $5,959,000 after buying an additional 5,332 shares during the period. Finally, Boyd Wealth Management LLC boosted its stake in shares of Amazon.com by 45.9% during the 2nd quarter. Boyd Wealth Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $1,116,000 after buying an additional 1,600 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Down 1.3%
Shares of AMZN stock opened at $219.51 on Friday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm has a market cap of $2.34 trillion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. The stock has a 50 day moving average of $226.55 and a 200-day moving average of $211.02. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
Wall Street Analysts Forecast Growth
AMZN has been the subject of several recent research reports. Rosenblatt Securities boosted their price target on Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Bank of America boosted their price target on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research note on Friday, August 1st. BNP Paribas Exane upgraded 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 note on Friday, June 27th. The Goldman Sachs Group increased their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Amazon.com in a research note on Saturday, September 27th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $266.26.
Get Our Latest Analysis on AMZN
Insider Activity at Amazon.com
In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 20,845,122 shares of company stock worth $4,731,747,929 in the last three months. 9.70% of the stock is owned by insiders.
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.
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