Lodestar Private Asset Management LLC Acquires 807 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Lodestar Private Asset Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 49,998 shares of the e-commerce giant’s stock after acquiring an additional 807 shares during the quarter. Amazon.com accounts for about 1.3% of Lodestar Private Asset Management LLC’s holdings, making the stock its 22nd biggest holding. Lodestar Private Asset Management LLC’s holdings in Amazon.com were worth $9,662,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMZN. Collective Family Office LLC increased its stake in shares of Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after buying an additional 819 shares during the period. Phillips Wealth Planners LLC increased its stake in shares of Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after buying an additional 224 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Amazon.com in the fourth quarter worth $5,926,000. Summa Corp. purchased a new position in shares of Amazon.com in the fourth quarter worth $1,506,000. Finally, Concord Investment Counsel Inc. purchased a new position in shares of Amazon.com in the first quarter worth $20,790,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $193.96 on Wednesday. The firm’s 50-day moving average price is $178.59 and its 200-day moving average price is $182.35. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.02 trillion, a PE ratio of 54.33, a PEG ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. TD Cowen lifted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. JMP Securities boosted their price objective on shares of Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 3rd. Wedbush reissued an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. One analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and an average target price of $222.84.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.