Lido Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,179 shares of the e-commerce giant’s stock after acquiring an additional 73 shares during the period. Amazon.com makes up approximately 1.2% of Lido Advisors LLC’s holdings, making the stock its 20th biggest holding. Lido Advisors LLC’s holdings in Amazon.com were worth $13,594,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in AMZN. Enterprise Trust & Investment Co bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $27,000. Signet Investment Advisory Group Inc. bought a new position in shares of Amazon.com during the 4th quarter worth approximately $33,000. Litman Gregory Asset Management LLC bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $53,000. Clear Investment Research LLC grew its stake in shares of Amazon.com by 27.6% during the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after acquiring an additional 8 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew its stake in shares of Amazon.com by 20.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 7 shares in the last quarter. Institutional investors and hedge funds own 55.92% of the company’s stock.
In other news, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now owns 92,614 shares of the company’s stock, valued at $185,228,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total value of $672,887.97. Following the sale, the vice president now directly owns 6,307 shares of the company’s stock, valued at approximately $11,197,637.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,714 shares of company stock valued at $51,174,807. Company insiders own 16.10% of the company’s stock.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The company had revenue of $63.40 billion for the quarter, compared to the consensus estimate of $62.59 billion. During the same period last year, the firm earned $5.07 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 24.01 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on AMZN. KeyCorp reaffirmed an “overweight” rating and set a $2,200.00 price target (up from $2,100.00) on shares of Amazon.com in a research note on Monday, July 22nd. ValuEngine raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Robert W. Baird set a $2,150.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, July 26th. MKM Partners reaffirmed a “buy” rating and set a $2,350.00 price target (up from $2,240.00) on shares of Amazon.com in a research note on Friday, August 2nd. Finally, Monness Crespi & Hardt set a $2,300.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the company. Amazon.com has a consensus rating of “Buy” and a consensus target price of $2,259.84.
Amazon.com Company Profile
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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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