Leo Brokerage LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Leo Brokerage LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,860.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 119,738 shares of the e-commerce giant’s stock after buying an additional 113,630 shares during the quarter. Amazon.com accounts for approximately 3.4% of Leo Brokerage LLC’s investment portfolio, making the stock its 6th largest holding. Leo Brokerage LLC’s holdings in Amazon.com were worth $12,717,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMZN. Chartist Inc. CA grew its stake in Amazon.com by 10.1% during the fourth quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant’s stock worth $1,057,000 after buying an additional 29 shares during the last quarter. Fort Point Capital Partners LLC lifted its position in shares of Amazon.com by 5.1% during the fourth quarter. Fort Point Capital Partners LLC now owns 3,525 shares of the e-commerce giant’s stock worth $11,754,000 after purchasing an additional 170 shares in the last quarter. Thames Capital Management LLC lifted its position in shares of Amazon.com by 9.2% during the fourth quarter. Thames Capital Management LLC now owns 4,869 shares of the e-commerce giant’s stock worth $16,235,000 after purchasing an additional 409 shares in the last quarter. Hilton Capital Management LLC lifted its position in shares of Amazon.com by 1.3% during the fourth quarter. Hilton Capital Management LLC now owns 4,730 shares of the e-commerce giant’s stock worth $15,771,000 after purchasing an additional 60 shares in the last quarter. Finally, Alerus Financial NA lifted its position in shares of Amazon.com by 7.4% during the fourth quarter. Alerus Financial NA now owns 7,053 shares of the e-commerce giant’s stock worth $23,517,000 after purchasing an additional 485 shares in the last quarter. 57.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. Tigress Financial reiterated a “buy” rating and set a $232.00 target price on shares of Amazon.com in a research report on Wednesday, June 29th. Telsey Advisory Group upped their target price on shares of Amazon.com from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Evercore ISI cut their price objective on shares of Amazon.com from $205.00 to $180.00 and set an “outperform” rating on the stock in a report on Friday, June 24th. Rosenblatt Securities increased their price objective on shares of Amazon.com to $118.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Finally, Piper Sandler increased their price objective on shares of Amazon.com from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $176.61.

Amazon.com Stock Down 1.0 %

Amazon.com stock opened at $117.31 on Friday. The company has a market cap of $1.20 trillion, a P/E ratio of 105.16, a price-to-earnings-growth ratio of 5.45 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The company has a fifty day simple moving average of $130.33 and a 200 day simple moving average of $130.17. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The business had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. Research analysts anticipate that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 10,480 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $145.01, for a total value of $1,519,704.80. Following the completion of the transaction, the senior vice president now owns 60,260 shares of the company’s stock, valued at $8,738,302.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 10,480 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $145.01, for a total value of $1,519,704.80. Following the completion of the sale, the senior vice president now owns 60,260 shares in the company, valued at $8,738,302.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of the stock in a transaction on 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 sale, the vice president now 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. Over the last 90 days, insiders sold 70,628 shares of company stock valued at $9,802,599. Corporate insiders own 12.70% of the company’s stock.

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.

Further Reading

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

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