Lincoln Capital Corp. sells 12,937 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Lincoln Capital Corp. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) shares by 22.2% in the first quarter, according to its latest 13F filing with the Securities & Exchange Commission. The institutional investor held 45,364 shares of the e-commerce giant after selling 12,937 shares during the quarter. Amazon.com accounts for about 3.6% of Lincoln Capital Corp.’s stake, making it the ninth-largest. Lincoln Capital Corp.’s stake in Amazon.com was worth $8,183,000 at the end of the last reporting period.

Several other institutional investors also recently added to or decreased their holdings in AMZN. Collective Family Office LLC increased its holdings in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Members Trust Co increased its holdings in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its position in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp increased its holdings in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares in the last quarter. Finally, Nicholas Company Inc. increased its holdings in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares in the last quarter. Institutional investors own 72.20% of the stock.

Wall Street analysts predict growth

Several brokerage firms have recently commented on AMZN. Citigroup raised their price target on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Argus raised their price target on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2. Wells Fargo & Company raised their price target on shares of Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research note on Friday, June 28. Barclays raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1. Finally, Goldman Sachs Group raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. One research analyst rated the stock a “hold”, forty-three gave a buy rating, and one gave the company a strong buy rating. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $215.86.

Check out our latest stock analysis on AMZN

Amazon.com Price Performance

NASDAQ AMZN stock opened at $200.00 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a liquidity ratio of 0.87. The company’s 50-day moving average is $184.27, and its 200-day moving average is $173.63. The stock has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a PEG ratio of 1.38 and a beta of 1.15. The Amazon.com, Inc. stock’s 52-week low was $118.35 and the stock’s 52-week high was $200.43.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the company earned $0.31 earnings per share. The company’s revenue increased 12.5% ​​compared to the same quarter last year. Sell-side analysts are predicting that Amazon.com, Inc. will post $4.72 earnings per share for the current fiscal year.

Insiders are betting

In other Amazon.com news, Vice President Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the Vice President now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in legal documents filed with the SEC, which can be accessed through this hyperlink . In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the CEO now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in legal documents filed with the Securities & Exchange Commission, which are available on the SEC’s website. Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction value of $489,753.00. Following the completion of the transaction, the Vice President now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. Disclosure of this sale can be found here. Over the past three months, insiders have sold 66,548 shares of the company’s stock valued at $12,180,239. Insiders currently own 10.80% of the stock.

Amazon.com Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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