Lincoln Capital Corp Acquires 422 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Lincoln Capital Corp raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,410 shares of the e-commerce giant’s stock after purchasing an additional 422 shares during the period. Amazon.com comprises 3.4% of Lincoln Capital Corp’s holdings, making the stock its 8th largest position. Lincoln Capital Corp’s holdings in Amazon.com were worth $8,275,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Joel Isaacson & Co. LLC grew its holdings in Amazon.com by 3.9% in the third quarter. Joel Isaacson & Co. LLC now owns 157,724 shares of the e-commerce giant’s stock valued at $29,389,000 after purchasing an additional 5,948 shares during the period. Tarbox Family Office Inc. grew its holdings in Amazon.com by 11.5% in the third quarter. Tarbox Family Office Inc. now owns 10,027 shares of the e-commerce giant’s stock valued at $1,868,000 after purchasing an additional 1,031 shares during the period. Sigma Investment Counselors Inc. grew its holdings in Amazon.com by 0.8% in the third quarter. Sigma Investment Counselors Inc. now owns 79,141 shares of the e-commerce giant’s stock valued at $14,746,000 after purchasing an additional 636 shares during the period. BayBridge Capital Group LLC grew its holdings in Amazon.com by 51.8% in the third quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant’s stock valued at $2,677,000 after purchasing an additional 4,905 shares during the period. Finally, Pettinga Financial Advisors LLC grew its holdings in Amazon.com by 4.3% in the third quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant’s stock valued at $1,027,000 after purchasing an additional 225 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Maxim Group lifted their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities lifted their price target on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price target (up from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Finally, Piper Sandler lifted their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.20.

Amazon.com Stock Up 1.0 %

AMZN opened at $207.89 on Friday. The business has a 50 day moving average price of $194.78 and a two-hundred day moving average price of $186.94. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.19 trillion, a PE ratio of 44.52, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was 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 in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,026,683 shares of company stock valued at $1,252,148,795. Corporate insiders own 10.80% of the company’s stock.

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.