Shikiar Asset Management Inc. Has $18.65 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Defense World · Oct 4, 2022 18:12

Shikiar Asset Management Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1,835.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 175,570 shares of the e-commerce giant's stock after purchasing an additional 166,500 shares during the quarter. Amazon.com comprises 7.2% of Shikiar Asset Management Inc.'s holdings, making the stock its 2nd largest holding. Shikiar Asset Management Inc.'s holdings in Amazon.com were worth $18,647,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Westside Investment Management Inc. increased its stake in Amazon.com by 1,820.9% in the second quarter. Westside Investment Management Inc. now owns 27,814 shares of the e-commerce giant's stock valued at $1,574,232,000 after purchasing an additional 26,366 shares in the last quarter. Alhambra Investment Partners LLC increased its stake in Amazon.com by 1,854.9% in the second quarter. Alhambra Investment Partners LLC now owns 5,200 shares of the e-commerce giant's stock valued at $552,000 after purchasing an additional 4,934 shares in the last quarter. Copeland Capital Management LLC increased its stake in Amazon.com by 1,900.0% in the second quarter. Copeland Capital Management LLC now owns 520 shares of the e-commerce giant's stock valued at $55,000 after purchasing an additional 494 shares in the last quarter. Dividend Assets Capital LLC increased its stake in Amazon.com by 1,920.4% in the second quarter. Dividend Assets Capital LLC now owns 11,860 shares of the e-commerce giant's stock valued at $1,260,000 after purchasing an additional 11,273 shares in the last quarter. Finally, Foster Dykema Cabot & Co. Inc. MA increased its stake in Amazon.com by 1,798.0% in the second quarter. Foster Dykema Cabot & Co. Inc. MA now owns 167,860 shares of the e-commerce giant's stock valued at $17,829,000 after purchasing an additional 159,016 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Mizuho decreased their price target on shares of Amazon.com from $197.50 to $155.00 and set a "buy" rating for the company in a research note on Thursday, July 21st. They noted that the move was a valuation call. Oppenheimer decreased their price target on shares of Amazon.com from $175.00 to $160.00 and set an "outperform" rating for the company in a research note on Monday, July 25th. Piper Sandler boosted their target price on shares of Amazon.com from $170.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, July 29th. Rosenblatt Securities boosted their target price on shares of Amazon.com to $118.00 and gave the stock a "neutral" rating in a research report on Friday, July 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Amazon.com from $174.00 to $155.00 in a research report on Thursday, July 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.05.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $115.88 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $1.18 trillion, a PE ratio of 103.88, a P/E/G ratio of 5.07 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11. The company has a 50-day moving average price of $129.70 and a two-hundred day moving average price of $128.31.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). The business had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. Amazon.com's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. Equities analysts forecast that Amazon.com, Inc. will post 0.98 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 520 shares of the firm's stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total value of $59,597.20. Following the completion of the transaction, the chief executive officer now directly owns 114,660 shares in the company, valued at $13,141,182.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Shelley Reynolds sold 3,480 shares of the firm's stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $16,078,069.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 520 shares of the firm's stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the transaction, the chief executive officer now owns 114,660 shares of the company's stock, valued at $13,141,182.60. The disclosure for this sale can be found here. Insiders sold 71,148 shares of company stock worth $9,862,196 over the last quarter. 12.70% of the stock is currently owned by company insiders.

Amazon.com Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Shikiar Asset Management Inc. Has $18.65 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Analysts Set New Price Targets

Amazon.com Price Performance

Insiders Place Their Bets

Amazon.com Profile

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