Lazari Capital Management Inc. Has $14.72 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Lazari Capital Management Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,156 shares of the e-commerce giant’s stock after purchasing an additional 3,188 shares during the period. Amazon.com makes up approximately 6.6% of Lazari Capital Management Inc.’s holdings, making the stock its 3rd biggest position. Lazari Capital Management Inc.’s holdings in Amazon.com were worth $14,717,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Phillips Wealth Planners LLC increased its holdings in shares of Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after purchasing an additional 224 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Amazon.com by 0.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after buying an additional 14,766 shares during the last quarter. Stonekeep Investments LLC bought a new stake in Amazon.com in the 2nd quarter worth about $2,588,000. Rockport Wealth LLC raised its position in Amazon.com by 2,240.6% in the 2nd quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock worth $14,832,000 after buying an additional 73,470 shares during the last quarter. Finally, Concord Investment Counsel Inc. bought a new position in Amazon.com during the 1st quarter valued at about $20,790,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.3 %

AMZN stock opened at $190.83 on Wednesday. The firm has a fifty day moving average price of $183.94 and a 200 day moving average price of $183.57. Amazon.com, Inc. has a fifty-two week low of $128.56 and a fifty-two week high of $201.20. The firm has a market cap of $1.99 trillion, a PE ratio of 53.45, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share 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 the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of the firm’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 directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock valued at $9,877,423 over the last ninety days. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Piper Sandler cut their target price on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Scotiabank initiated coverage on Amazon.com in a report on Friday, October 11th. They set a “sector outperform” rating and a $245.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group reduced their price objective on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $236.76.

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.