Lyell Wealth Management LP Has $15.98 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Lyell Wealth Management LP lessened its position in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,419 shares of the e-commerce giant’s stock after selling 1,001 shares during the period. Amazon.com comprises about 2.7% of Lyell Wealth Management LP’s portfolio, making the stock its 3rd largest holding. Lyell Wealth Management LP’s holdings in Amazon.com were worth $15,980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. State Street Corp grew its position in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares during the last quarter. FMR LLC lifted its stake in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Amazon.com by 1,867.0% during the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after buying an additional 90,167,792 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Amazon.com by 1,944.4% during the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after buying an additional 57,043,701 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the transaction, the chief executive officer now owns 112,795 shares in the company, valued at $11,505,090. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $11,259,320. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,948 shares of company stock worth $5,135,922. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Up 3.0 %

Amazon.com stock opened at $98.12 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The firm’s fifty day moving average is $90.39 and its 200 day moving average is $110.70. The company has a market capitalization of $1.00 trillion, a PE ratio of 90.06, a PEG ratio of 2.74 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same quarter in the previous year, the firm earned $0.31 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 0.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMZN shares. Atlantic Securities cut their target price on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Moffett Nathanson began coverage on shares of Amazon.com in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price objective for the company. Royal Bank of Canada dropped their price objective on shares of Amazon.com from $175.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Erste Group Bank cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Finally, JMP Securities dropped their price objective on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.29.

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.

See Also

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

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