Lincoln Capital Corp Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Lincoln Capital Corp increased its Amazon.com stake by 2.8%, now holding 44,981 shares valued at approximately $8.56 million, marking it as the firm's 7th largest investment.
• Jeffrey P. Bezos sold over 4.27 million shares of Amazon on July 11th, negatively impacting his ownership stake by about 0.47%, with total proceeds reaching almost $961 million.
• Amazon's latest earnings report revealed a 12-month revenue increase of 8.6% year-over-year, reporting $1.59 EPS, surpassing estimates by $0.21.

Lincoln Capital Corp raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 44,981 shares of the e-commerce giant's stock after buying an additional 1,235 shares during the quarter. Amazon.com comprises about 3.6% of Lincoln Capital Corp's holdings, making the stock its 7th largest position. Lincoln Capital Corp's holdings in Amazon.com were worth $8,558,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMZN. Cable Hill Partners LLC grew its stake in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after purchasing an additional 44 shares during the period. Northern Capital Management Inc. grew its stake in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares during the last quarter. Balanced Wealth Group LLC grew its stake in Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after acquiring an additional 48 shares during the last quarter. ETF Store Inc. grew its stake in Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after acquiring an additional 48 shares during the last quarter. Finally, TD Capital Management LLC grew its stake in Amazon.com by 1.6% in the 4th quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant's stock valued at $671,000 after acquiring an additional 49 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 25,102,037 shares of company stock worth $5,674,871,223 in the last quarter. Company insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America increased their price objective on shares of Amazon.com from $248.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Barclays lowered their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada reduced their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Finally, Piper Sandler set a $250.00 target price on shares of Amazon.com and gave the company an "overweight" rating in a report on Friday, July 11th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $255.21.

Amazon.com Stock Performance

AMZN traded down $1.89 during trading hours on Tuesday, hitting $230.90. 8,528,015 shares of the stock were exchanged, compared to its average volume of 43,771,383. The stock has a 50-day simple moving average of $216.19 and a 200-day simple moving average of $208.82. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market cap of $2.45 trillion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the business posted $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.