Lyell Wealth Management LP Has $9.49 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Lyell Wealth Management LP lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,012 shares of the e-commerce giant’s stock after acquiring an additional 240 shares during the period. Amazon.com accounts for approximately 2.9% of Lyell Wealth Management LP’s holdings, making the stock its 4th biggest holding. Lyell Wealth Management LP’s holdings in Amazon.com were worth $9,491,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Signet Investment Advisory Group Inc. bought a new position in shares of Amazon.com in the 4th quarter valued at about $33,000. Litman Gregory Asset Management LLC purchased a new stake in Amazon.com in the 2nd quarter worth about $53,000. Financial Advantage Inc. purchased a new stake in Amazon.com in the 4th quarter worth about $45,000. Contravisory Investment Management Inc. raised its position in Amazon.com by 20.6% in the 2nd quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after purchasing an additional 7 shares during the period. Finally, Mascoma Wealth Management LLC raised its position in Amazon.com by 15.6% in the 4th quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock worth $78,000 after purchasing an additional 7 shares during the period. 57.26% of the stock is owned by hedge funds and other institutional investors.

AMZN has been the topic of a number of recent analyst reports. ValuEngine raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Loop Capital set a $2,380.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research report on Monday, July 15th. Bank of America reissued a “buy” rating and issued a $2,350.00 price objective (up from $2,300.00) on shares of Amazon.com in a research report on Friday, July 26th. UBS Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday, July 26th. Finally, Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $2,251.95.

In other news, VP Shelley Reynolds sold 379 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the transaction, the vice president now directly owns 6,307 shares in the company, valued at $11,197,637.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $17,739,900. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,570 shares of company stock worth $27,690,021. Insiders own 16.10% of the company’s stock.

NASDAQ AMZN opened at $1,823.54 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. The firm’s 50 day moving average price is $1,898.84 and its 200-day moving average price is $1,817.79. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,050.50. The company has a market cap of $898.35 billion, a PE ratio of 90.54, a P/E/G ratio of 2.30 and a beta of 1.55.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The business had revenue of $63.40 billion for the quarter, compared to the consensus estimate of $62.59 billion. During the same quarter in the prior year, the business posted $5.07 earnings per share. Amazon.com’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 24.52 earnings per share for the current fiscal year.

About Amazon.com

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.

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

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