Kelman Lazarov Inc. Has $206,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Aug 14th, 2023

Kelman Lazarov Inc. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 28.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,991 shares of the e-commerce giant’s stock after selling 780 shares during the period. Kelman Lazarov Inc.’s holdings in Amazon.com were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. State Street Corp boosted its position in shares of Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares in the last quarter. FMR LLC raised its stake in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC raised its stake in Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after buying an additional 116,383,502 shares during the period. Finally, Norges Bank bought a new stake in Amazon.com in the fourth quarter valued at approximately $8,263,591,000. 56.67% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $138.41 on Monday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The stock’s 50 day moving average price is $130.09 and its 200-day moving average price is $112.73. The company has a market capitalization of $1.42 trillion, a PE ratio of 108.99, a PEG ratio of 1.90 and a beta of 1.26. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now directly owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,289,545 shares of company stock valued at $37,421,157. 12.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMZN. Truist Financial increased their target price on Amazon.com from $144.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Morgan Stanley increased their target price on Amazon.com from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Tigress Financial increased their target price on Amazon.com from $192.00 to $204.00 in a research note on Thursday, July 13th. UBS Group increased their price target on Amazon.com from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Piper Jaffray Companies increased their price target on Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 7th. Two analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $159.46.

Check Out Our Latest Research Report on AMZN

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

See Also

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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