Lebenthal Global Advisors LLC acquires 4,130 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Lebenthal Global Advisors LLC increased its stake in Amazon.com, Inc., according to its latest disclosure to the Securities and Exchange Commission. (NASDAQ:AMZN) up 71.4% in the fourth quarter. The company owned 9,917 shares of the e-commerce giant’s stock after acquiring an additional 4,130 shares during the period. At the end of the last reporting period, the value of Lebenthal Global Advisors LLC’s shares in Amazon.com was USD 1,507,000.

Other hedge funds have also recently made changes to their positions at the company. Members Trust Co increased its holdings in shares of Amazon.com by 8.9% in the fourth quarter. Members Trust Co, after acquiring an additional 341 shares during the period, now owns 4,157 shares of the e-commerce giant’s stock worth $638,000. Cherrydale Wealth Management LLC increased its holdings in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp increased its holdings in Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. In the third quarter, Nicholas Company Inc. increased its shares in Amazon.com by 3.9%. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after purchasing an additional 277,631 shares in the last quarter. Institutional investors hold 72.20% of the company’s shares.

Analyst Upgrades and Downgrades

Many stock market analysts have recently commented on the company. Morgan Stanley raised their price target on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Raymond James increased their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong buy” rating in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Monness Crespi & Hardt increased their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Goldman Sachs Group raised their target price on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One investment analyst rated the stock with a hold rating, forty-four rated the stock with a buy rating and one gave it a strong buy rating. Amazon.com currently has an average rating of “Buy” and an average price target of $212.40, according to MarketBeat data.

Read our latest stock report on AMZN

Insiders place their bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the completion of the sale, the CEO now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a legal document filed with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the completion of the sale, the CEO now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a legal document filed with the SEC, which can be accessed through this hyperlink. Additionally, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 117,894 shares of company stock worth $21,363,909. 10.80% of the shares are owned by company insiders.

Amazon.com shares fell 1.6%

On Friday, Amazon.com shares closed at $176.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 49.42, a PEG ratio of 1.30 and a beta of 1.15. Amazon.com, Inc. it has a 1-year low of $118.35 and a 1-year high of $191.70. The company has a fifty-day moving average price of $182.34 and a 200-day moving average price of $167.37.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. 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 analyst expectations of $142.65 billion. During the same quarter last year, the company saw an EPS of $0.31. The company’s revenues increased by 12.5% ​​compared to the same quarter last year. Stock research analysts predict that Amazon.com, Inc. will report 4.72 EPS for the current financial year.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. 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 media content.

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