Lebenthal Global Advisors LLC Purchases 732 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Lebenthal Global Advisors LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,433 shares of the e-commerce giant’s stock after purchasing an additional 732 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Amazon.com were worth $2,508,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Icon Wealth Advisors LLC raised its holdings in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares in the last quarter. Hoese & Co LLP bought a new position in Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the third quarter worth $45,000. Values First Advisors Inc. bought a new position in Amazon.com in the third quarter worth $56,000. Finally, Harbor Investment Advisory LLC grew its stake in shares of Amazon.com by 1.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after acquiring an additional 3,055 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMZN. Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Truist Financial increased their target price on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wedbush reissued an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Finally, Wolfe Research increased their target price on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Two 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 company’s stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated 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 approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,848 shares of company stock worth $11,368,639. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 0.7 %

Shares of Amazon.com stock opened at $228.68 on Monday. The company has a market capitalization of $2.42 trillion, a P/E ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. 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 company has a fifty day moving average of $228.21 and a 200 day moving average of $202.44. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Amazon.com 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.