Cohen Lawrence B Acquires 108 Shares of Amazon.com, Inc. (AMZN)

Cohen Lawrence B grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 774 shares of the e-commerce giant’s stock after buying an additional 108 shares during the quarter. Cohen Lawrence B’s holdings in Amazon.com were worth $1,163,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc lifted its holdings in shares of Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 29,599,653 shares of the e-commerce giant’s stock worth $59,288,105,000 after acquiring an additional 516,913 shares during the period. Morgan Stanley lifted its stake in Amazon.com by 2.4% in the 3rd quarter. Morgan Stanley now owns 4,751,157 shares of the e-commerce giant’s stock valued at $9,516,567,000 after purchasing an additional 113,503 shares during the last quarter. Northern Trust Corp lifted its stake in Amazon.com by 1.1% in the 2nd quarter. Northern Trust Corp now owns 4,676,441 shares of the e-commerce giant’s stock valued at $7,949,013,000 after purchasing an additional 50,552 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Amazon.com by 700,301.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,999,295 shares of the e-commerce giant’s stock valued at $8,010,587,000 after purchasing an additional 3,998,724 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Amazon.com by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 1,642,555 shares of the e-commerce giant’s stock valued at $3,290,040,000 after acquiring an additional 18,497 shares during the period. 56.11% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:AMZN traded down $3.13 during mid-day trading on Friday, hitting $1,861.69. 2,749,882 shares of the stock traded hands, compared to its average volume of 3,728,205. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50. The stock has a market cap of $916.05 billion, a P/E ratio of 92.44, a P/E/G ratio of 2.24 and a beta of 1.63. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.49. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The business had revenue of $72.38 billion during the quarter, compared to analyst estimates of $71.73 billion. During the same period in the previous year, the business posted $2.16 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 26.64 earnings per share for the current fiscal year.

Several research firms have recently weighed in on AMZN. Zacks Investment Research cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Oppenheimer increased their price objective on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. CIBC increased their price objective on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. BidaskClub upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Evercore ISI began coverage on shares of Amazon.com in a research report on Wednesday, March 20th. They set an “outperform” rating and a $1,965.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $2,139.02.

In other news, SVP Jeffrey M. Blackburn sold 2,055 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the completion of the sale, the senior vice president now directly owns 46,596 shares in the company, valued at approximately $75,314,978.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the completion of the sale, the director now owns 7,861 shares of the company’s stock, valued at $12,593,322. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,075 shares of company stock valued at $11,802,708. 16.30% of the stock is currently owned by company insiders.

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Amazon.com Profile

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

Read More: Gross Domestic Product (GDP)

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

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