Lauterbach Financial Advisors LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,887 shares of the e-commerce giant's stock after selling 1,602 shares during the period. Amazon.com makes up 0.6% of Lauterbach Financial Advisors LLC's portfolio, making the stock its 26th biggest position. Lauterbach Financial Advisors LLC's holdings in Amazon.com were worth $930,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in AMZN. Norges Bank acquired a new stake in Amazon.com during the 4th quarter valued at $27,266,582,000. GAMMA Investing LLC grew its holdings in Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors grew its holdings in Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. grew its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. Finally, Capital International Investors grew its holdings in Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after acquiring an additional 12,000,745 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
Amazon.com Price Performance
NASDAQ AMZN opened at $231.49 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.47 trillion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The company has a 50 day moving average price of $221.70 and a two-hundred day moving average price of $208.21. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares in the company, valued at $111,114,850. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,096,253 shares of company stock valued at $5,673,745,409 over the last quarter. Corporate insiders own 10.80% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on AMZN shares. Evercore ISI reissued an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a report on Wednesday, August 13th. Bank of America raised their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Wedbush raised their price objective on shares of Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $262.87.
Read Our Latest Stock Report on Amazon.com
About Amazon.com
(
Free Report)
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.
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