Lloyd Advisory Services LLC. Has $288,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Lloyd Advisory Services LLC. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 95.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,492 shares of the e-commerce giant’s stock after selling 29,786 shares during the quarter. Lloyd Advisory Services LLC.’s holdings in Amazon.com were worth $288,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at $30,000. PayPay Securities Corp lifted its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Clarity Asset Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth about $46,000. Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares in the last quarter. Finally, Steph & Co. purchased a new position in Amazon.com during the 1st quarter valued at about $65,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the transaction, the insider now directly owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,549,744 shares of company stock worth $309,400,324. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 2.5 %

Shares of AMZN opened at $186.51 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The business’s 50 day simple moving average is $179.17 and its 200-day simple moving average is $182.95. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.24, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. As a group, equities analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Jefferies Financial Group lowered their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. JMP Securities reiterated a “market outperform” rating and set a $265.00 price objective on shares of Amazon.com in a report on Friday. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research report on Thursday, September 12th. Finally, Maxim Group upped their target price on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $223.65.

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.