Lebenthal Global Advisors LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Lebenthal Global Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,701 shares of the e-commerce giant’s stock after buying an additional 663 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Amazon.com were worth $1,994,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Legal & General Group Plc raised its holdings in shares of Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after buying an additional 1,042,177 shares during the period. Bank of New York Mellon Corp grew its stake in Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after purchasing an additional 289,532 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Amazon.com by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock valued at $7,917,906,000 after purchasing an additional 1,329,150 shares in the last quarter. International Assets Investment Management LLC grew its stake in Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Amazon.com by 1.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant’s stock valued at $6,161,579,000 after purchasing an additional 464,938 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 2.9 %

AMZN opened at $227.03 on Friday. Amazon.com, Inc. has a one year low of $143.64 and a one year high of $227.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock’s fifty day moving average is $197.39 and its 200-day moving average is $188.12. The company has a market capitalization of $2.39 trillion, a PE ratio of 48.61, a P/E/G ratio of 1.46 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AMZN shares. Pivotal Research started coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price objective for the company. Moffett Nathanson lifted their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley lifted their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research report on Wednesday. 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $236.20.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction 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 transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction 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 transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,030,183 shares of company stock worth $1,252,883,795 in the last three months. 10.80% of the stock is currently 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.