Lbmc Investment Advisors LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Lbmc Investment Advisors LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,711.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,350 shares of the e-commerce giant’s stock after acquiring an additional 17,337 shares during the quarter. Lbmc Investment Advisors LLC’s holdings in Amazon.com were worth $1,949,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Gibson Wealth Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth about $33,000. MBM Wealth Consultants LLC increased its position in Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after purchasing an additional 4 shares during the last quarter. William Allan LLC acquired a new stake in Amazon.com during the fourth quarter worth about $47,000. Cardinal Capital Management Inc. acquired a new stake in Amazon.com during the first quarter worth about $49,000. Finally, Security Financial Services INC. acquired a new stake in Amazon.com during the fourth quarter worth about $57,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Amazon.com from $174.00 to $155.00 in a research report on Thursday, July 21st. JMP Securities lifted their price target on shares of Amazon.com from $172.50 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. UBS Group lifted their price target on shares of Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Tigress Financial reiterated a “buy” rating and set a $232.00 price target on shares of Amazon.com in a research report on Wednesday, June 29th. Finally, Piper Sandler lifted their price target on shares of Amazon.com from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $176.61.

Insider Activity

In other news, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The disclosure for this sale can be found here. Insiders sold a total of 70,628 shares of company stock valued at $9,802,599 in the last 90 days. 12.70% of the stock is currently owned by insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $123.53 on Monday. The firm has a market cap of $1.26 trillion, a price-to-earnings ratio of 110.74, a price-to-earnings-growth ratio of 5.51 and a beta of 1.33. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average is $129.52 and its two-hundred day moving average is $130.72. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The firm had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. Amazon.com’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $0.76 earnings per share. Research analysts expect that Amazon.com, Inc. will post 0.99 EPS for the current year.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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