Lazard Freres Gestion S.A.S. Has $323.06 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Lazard Freres Gestion S.A.S. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,701,299 shares of the e-commerce giant’s stock after acquiring an additional 22,522 shares during the period. Amazon.com comprises about 7.2% of Lazard Freres Gestion S.A.S.’s investment portfolio, making the stock its 2nd largest holding. Lazard Freres Gestion S.A.S.’s holdings in Amazon.com were worth $323,058,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. boosted its position in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after buying an additional 14,724,687 shares during the period. Norges Bank acquired a new position in shares of Amazon.com during the fourth quarter worth about $17,700,551,000. Capital Research Global Investors boosted its position in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after buying an additional 289,532 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after buying an additional 295,132 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Amazon.com stock opened at $191.60 on Friday. The stock’s fifty day moving average price is $178.54 and its two-hundred day moving average price is $182.04. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market cap of $1.99 trillion, a PE ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, research analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the sale, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent research reports. Wedbush reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Robert W. Baird upped their price objective on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Tigress Financial upped their price objective on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Bank of America reduced their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. reduced their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $222.84.

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.