Lynx Investment Advisory Has $2.78 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Lynx Investment Advisory increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,925 shares of the e-commerce giant’s stock after acquiring an additional 1,424 shares during the quarter. Amazon.com accounts for about 2.0% of Lynx Investment Advisory’s holdings, making the stock its 14th largest position. Lynx Investment Advisory’s holdings in Amazon.com were worth $2,781,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Foundations Investment Advisors LLC lifted its holdings in shares of Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after purchasing an additional 16,392 shares in the last quarter. Umpqua Bank lifted its stake in Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after acquiring an additional 137 shares in the last quarter. Zhang Financial LLC lifted its stake in Amazon.com by 12.9% in the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock worth $9,520,000 after acquiring an additional 5,828 shares in the last quarter. BayBridge Capital Group LLC boosted its position in Amazon.com by 51.8% during the 3rd quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant’s stock worth $2,677,000 after acquiring an additional 4,905 shares during the period. Finally, Washington Trust Advisors Inc. grew its stake in Amazon.com by 0.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock valued at $41,972,000 after acquiring an additional 982 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.7 %

Shares of AMZN stock opened at $224.92 on Friday. The business has a 50-day moving average price of $205.83 and a two-hundred day moving average price of $191.38. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. 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 firm has a market cap of $2.37 trillion, a P/E ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

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

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Redburn Atlantic raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JMP Securities reissued a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research note on Monday, December 16th. Evercore ISI upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Two research 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 in the last quarter. Insiders own 10.80% of the company’s stock.

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.