Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Lane Generational LLC

Posted by Defense World Staff on Apr 29th, 2023

Lane Generational LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 29.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 49,510 shares of the e-commerce giant’s stock after buying an additional 11,287 shares during the period. Amazon.com makes up approximately 6.0% of Lane Generational LLC’s holdings, making the stock its 7th largest holding. Lane Generational LLC’s holdings in Amazon.com were worth $4,159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. McElhenny Sheffield Capital Management LLC purchased a new stake in Amazon.com in the fourth quarter worth $27,000. Retirement Financial Solutions LLC purchased a new stake in Amazon.com in the fourth quarter worth $32,000. Laurel Wealth Planning LLC increased its stake in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the period. Swaine & Leidel Wealth Services LLC purchased a new stake in Amazon.com in the first quarter worth $38,000. Finally, Cowa LLC purchased a new stake in Amazon.com in the third quarter worth $40,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Trading Down 4.0 %

Shares of NASDAQ:AMZN opened at $105.45 on Friday. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The stock has a market cap of $1.08 trillion, a price-to-earnings ratio of -393.46, a PEG ratio of 4.24 and a beta of 1.26. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $99.02 and a 200-day moving average price of $97.44.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The company had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 1.37 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 23,874 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the sale, the chief executive officer now directly owns 1,964,506 shares in the company, valued at $194,780,769.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,713 shares of company stock worth $7,739,103. 12.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $140.00 target price on shares of Amazon.com in a research note on Wednesday, April 19th. Telsey Advisory Group reissued an “outperform” rating and set a $125.00 price target on shares of Amazon.com in a research report on Thursday, April 20th. The Goldman Sachs Group dropped their price target on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, January 13th. Wells Fargo & Company dropped their price target on Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Finally, Susquehanna increased their price target on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.82.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.