Lincoln Capital LLC Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Lincoln Capital LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.3% in the first quarter, according to the company’s latest disclosure to the Securities & Exchange Commission. The fund held 85,750 shares of the e-commerce giant after selling 282 shares during the quarter. Amazon.com makes up 3.4% of Lincoln Capital LLC’s portfolio, making the stock its 9th-largest position. Lincoln Capital LLC’s stake in Amazon.com was worth $15,468,000 at the end of the last quarter.

Other institutional investors and hedge funds also recently changed their positions in the company. Transatlantique Private Wealth LLC increased its position in shares of Amazon.com by 0.7% in the third quarter. Transatlantique Private Wealth LLC now owns 14,467 shares of the e-commerce giant’s stock worth $1,839,000 after purchasing an additional 106 shares in the last quarter. South Street Advisors LLC increased its stake in Amazon.com by 0.8% in the third quarter. South Street Advisors LLC now owns 20,370 shares of the e-commerce giant’s stock worth $2,589,000 after purchasing an additional 160 shares during the period. FMR LLC increased its holdings in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. Allen Investment Management LLC increased its holdings in Amazon.com shares by 0.8% in the third quarter. Allen Investment Management LLC now owns 2,588,675 shares of the e-commerce giant’s stock worth $329,072,000 after acquiring an additional 20,280 shares during the period. Finally, Clearstead Advisors LLC increased its holdings in Amazon.com shares by 20.9% in the third quarter. Clearstead Advisors LLC now owns 119,042 shares of the e-commerce giant’s stock worth $15,133,000 after acquiring an additional 20,613 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $200.00 on Wednesday. The company has a current liquidity ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.27. The lowest value of Amazon.com, Inc. stock in last 12 months was $118.35, and the highest was $200.43. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.38, and a beta of 1.15. The company’s 50-day average price per share was $184.27, and the 200-day average price per share was $173.63.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus 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 analysts’ expectations of $142.65 billion. During the same quarter last year, the company reported earnings per share of $0.31. The company’s quarterly revenue increased 12.5% ​​year-over-year. Equity research analysts predict that Amazon.com, Inc. will report earnings per share of $4.72 for the current year.

Analysts set new price targets

AMZN has been the subject of several research reports. Robert W. Baird raised their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1. Citigroup raised their price target on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. 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 report on Wednesday, May 1. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report issued on Wednesday, May 1. One analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given a “strong buy” rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $215.86, according to data from MarketBeat.

Check out our latest analysis of AMZN

Insiders are betting

In other news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction dated Thursday, June 27. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the transaction, the senior VP now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that took place on 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 sale, the VP now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, Senior Vice President David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27. The shares were sold at an average price of $195.00, for a total of $918,450.00. Following the transaction, the Senior Vice President now owns 59,500 shares of the company’s stock, valued at $11,602,500. Disclosure of this sale can be found here. Insiders sold a total of 66,548 shares of the company’s stock valued at $12,180,239 during the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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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