Kelman Lazarov Inc. Buys 780 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Kelman Lazarov Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 40.6% during the third quarter, HoldingsChannel reports. The fund owned 2,700 shares of the e-commerce giant’s stock after acquiring an additional 780 shares during the quarter. Kelman Lazarov Inc.’s holdings in Amazon.com were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bellecapital International Ltd. increased its holdings in Amazon.com by 1,993.8% in the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock valued at $7,503,000 after buying an additional 67,270 shares during the period. Bouchey Financial Group Ltd increased its holdings in Amazon.com by 2,027.5% in the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock valued at $17,028,000 after buying an additional 152,790 shares during the period. Gulf International Bank UK Ltd increased its holdings in Amazon.com by 1.0% in the 3rd quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock valued at $172,544,000 after buying an additional 15,640 shares during the period. Ervin Investment Management LLC increased its holdings in Amazon.com by 1,900.0% in the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock valued at $320,000 after buying an additional 2,793 shares during the period. Finally, Csenge Advisory Group increased its holdings in Amazon.com by 2,077.0% in the 2nd quarter. Csenge Advisory Group now owns 68,119 shares of the e-commerce giant’s stock valued at $7,235,000 after buying an additional 64,990 shares during the period. Institutional investors own 57.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMZN shares. DA Davidson lowered their price target on shares of Amazon.com to $114.00 in a report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Amazon.com from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Mizuho lowered their target price on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Robert W. Baird lowered their target price on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Finally, Erste Group Bank lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.29.

Amazon.com Price Performance

NASDAQ AMZN opened at $98.12 on Friday. The business has a 50 day simple moving average of $90.39 and a 200 day simple moving average of $110.73. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The stock has a market cap of $1.00 trillion, a price-to-earnings ratio of 90.06, a PEG ratio of 3.03 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last posted 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). The business had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. Amazon.com’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 0.69 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $112.20, for a total transaction of $58,344.00. Following the completion of the transaction, the chief executive officer now directly owns 113,640 shares of the company’s stock, valued at approximately $12,750,408. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $112.20, for a total transaction of $58,344.00. Following the completion of the transaction, the chief executive officer now directly owns 113,640 shares of the company’s stock, valued at approximately $12,750,408. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $95.70, for a total transaction of $164,604.00. Following the transaction, the director now directly owns 22,440 shares of the company’s stock, valued at $2,147,508. The disclosure for this sale can be found here. Insiders sold 52,948 shares of company stock valued at $5,135,922 in the last ninety days. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Profile

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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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