Lighthouse Financial LLC Takes $3.43 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Lighthouse Financial LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,645 shares of the e-commerce giant's stock, valued at approximately $3,432,000. Amazon.com makes up approximately 2.8% of Lighthouse Financial LLC's portfolio, making the stock its 9th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Anchor Pointe Wealth Management LLC bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $1,166,000. SpringVest Wealth Management LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth $275,000. Old North State Trust LLC raised its stake in Amazon.com by 1.8% in the fourth quarter. Old North State Trust LLC now owns 7,050 shares of the e-commerce giant's stock valued at $1,547,000 after buying an additional 123 shares during the last quarter. Mattson Financial Services LLC raised its stake in shares of Amazon.com by 8.6% in the fourth quarter. Mattson Financial Services LLC now owns 45,841 shares of the e-commerce giant's stock worth $10,057,000 after purchasing an additional 3,649 shares during the last quarter. Finally, Bannerman Wealth Management Group LLC acquired a new stake in Amazon.com during the fourth quarter worth about $1,545,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMZN shares. Morgan Stanley reduced their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus decreased their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Mizuho decreased their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Tigress Financial raised their price objective on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.89.

Amazon.com Stock Down 2.0%

NASDAQ:AMZN traded down $4.41 during trading hours on Wednesday, reaching $213.20. The company's stock had a trading volume of 39,186,416 shares, compared to its average volume of 42,179,291. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The business's 50-day moving average is $193.88 and its 200-day moving average is $209.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares of the company's stock, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,037 shares of company stock worth $20,531,075. Company insiders own 9.70% of the company's stock.

Amazon.com Company Profile

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.