Lloyd Advisory Services LLC Increases Stake in Amazon.com, Inc.

Lloyd Advisory Services LLC has reported a 24.7% increase in its holdings of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter of the year. According to their latest disclosure to the SEC, the firm now owns 1,860 shares of the online retail giant, having purchased an additional 368 shares during this period. The total value of Lloyd Advisory's investment in Amazon.com is estimated at $347,000 based on the most recent reporting period.

In addition to Lloyd Advisory Services, several other institutional investors and hedge funds have also adjusted their positions in AMZN. Garrison Point Advisors LLC increased its stake by 0.3% in the first quarter, owning 20,375 shares valued at $3,675,000 after adding 55 shares in the last quarter. Meridian Investment Counsel Inc. upped its holdings by 1.8% in the second quarter, giving them 3,076 shares worth $594,000 after acquiring an additional 55 shares. O Connor Financial Group LLC increased its stake in Amazon by 2.2% in the third quarter, now holding 2,536 shares valued at $473,000 following a purchase of 55 shares. Furthermore, Lutz Financial Services LLC boosted its position by 1.9% in the first quarter, owning 3,053 shares worth $551,000 after purchasing 57 additional shares. O Dell Group LLC also increased holdings by 0.4% in the first quarter, with a total of 13,638 shares valued at $2,460,000 after acquiring 57 shares.

Overall, institutional investors and hedge funds collectively own approximately 72.20% of Amazon.com’s stock.

Amazon.com Stock Overview

As of the last trading session, shares of Amazon.com opened at $208.18. The company has experienced fluctuations in its stock price, hitting a 12-month low of $139.52 and a high of $212.25. Amazon.com boasts a market capitalization of $2.19 trillion, with a price-to-earnings (P/E) ratio of 44.58, a price-to-earnings growth (PEG) ratio of 1.34, and a beta of 1.14. Additionally, the company maintains a current ratio of 1.09, a quick ratio of 0.87, and a debt-to-equity ratio of 0.21. The 50-day moving average stands at $187.83, while the 200-day moving average is $184.62.

On October 31st, Amazon.com released its quarterly earnings report, revealing earnings per share (EPS) of $1.43 for the quarter, surpassing analyst expectations of $1.14 by $0.29. The company reported revenue of $158.88 billion, which also beat the consensus estimate of $157.28 billion. Amazon.com demonstrated a return on equity of 22.41% and a net margin of 8.04%, with a year-over-year revenue growth of 11.0%. Analysts predict that Amazon will post an EPS of 5.16 for the current fiscal year.

Recent Analyst Ratings

Amazon.com has recently been the focus of various analyst evaluations. Benchmark raised its price target for the company from $200.00 to $215.00, maintaining a 'buy' rating as of November 1st. Similarly, BMO Capital Markets reaffirmed an 'outperform' rating and increased the price objective to $236.00, up from $230.00, in a report also issued on November 1st. UBS Group adjusted its target price for Amazon from $220.00 to $223.00 while retaining a 'buy' rating. Cantor Fitzgerald reaffirmed an 'overweight' rating with a $230.00 price target as of early October. Conversely, Wells Fargo & Company downgraded Amazon from 'overweight' to 'equal weight,' adjusting their price objective down from $225.00 to $183.00. Currently, two analysts rate the stock as a hold, forty analysts as a buy, with one giving it a strong buy rating. According to MarketBeat data, Amazon.com has an average consensus rating of 'Moderate Buy' with a target price of $234.55.

Insider Activity

In related insider news, Senior Vice President David Zapolsky sold 2,190 shares of Amazon stock on September 24th at an average price of $195.00, resulting in a total transaction amount of $427,050. Following this sale, Zapolsky holds 62,420 shares valued at around $12,171,900. This action does not mark a significant change in his holdings. In another transaction, CEO Andrew R. Jassy sold 20,784 shares on August 21st for an average price of $180.77, totaling approximately $3,757,123.68. Post-sale, Jassy retains ownership of 2,056,534 shares worth about $371,759,651.18. Additionally, David Zapolsky's previous sale of 2,190 shares is reported again for clarity. In total, insiders have sold 55,859 shares valued at $10,215,097 over the past three months, representing 10.80% of the company’s stock currently owned by insiders.

Company Overview

Amazon.com, Inc. operates as a major player in the retail industry, engaging in the sale of consumer products, advertising, and subscription services through both online and physical platforms in North America and internationally. The company is divided into three main segments: North America, International, and Amazon Web Services (AWS). Amazon.com also designs and manufactures electronic devices, including Kindle, Fire tablets, Fire TVs, and Echo, along with producing media content.

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