Lombard Odier Asset Management USA Corp Buys 2,624 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Lombard Odier Asset Management USA Corp lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 43.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,624 shares of the e-commerce giant’s stock after acquiring an additional 2,624 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Amazon.com were worth $1,667,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AMZN. Cardano Risk Management B.V. raised its stake in shares of Amazon.com by 4.8% in the 1st quarter. Cardano Risk Management B.V. now owns 1,883,651 shares of the e-commerce giant’s stock valued at $339,773,000 after acquiring an additional 85,511 shares in the last quarter. First Affirmative Financial Network increased its position in Amazon.com by 6.4% in the 1st quarter. First Affirmative Financial Network now owns 8,581 shares of the e-commerce giant’s stock worth $1,548,000 after buying an additional 518 shares during the period. Ballew Advisors Inc increased its position in Amazon.com by 1.5% in the 1st quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after buying an additional 62 shares during the period. Meyer Handelman Co. increased its position in Amazon.com by 10.9% in the 1st quarter. Meyer Handelman Co. now owns 319,900 shares of the e-commerce giant’s stock worth $57,761,000 after buying an additional 31,489 shares during the period. Finally, CHURCHILL MANAGEMENT Corp increased its position in Amazon.com by 129.9% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 51,875 shares of the e-commerce giant’s stock worth $9,357,000 after buying an additional 29,306 shares during the period. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Wolfe Research assumed coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Sanford C. Bernstein lifted their price objective on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, Stifel Nicolaus decreased their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Trading Up 0.3 %

AMZN stock opened at $189.70 on Wednesday. The company has a market cap of $1.97 trillion, a P/E ratio of 53.14, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. 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 business has a fifty day moving average of $182.82 and a 200-day moving average of $183.53.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is owned by insiders.

Amazon.com Company Profile

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.