Lighthouse Investment Partners LLC Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Lighthouse Investment Partners LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,422 shares of the e-commerce giant's stock after selling 32,857 shares during the quarter. Amazon.com accounts for approximately 1.8% of Lighthouse Investment Partners LLC's investment portfolio, making the stock its 3rd biggest holding. Lighthouse Investment Partners LLC's holdings in Amazon.com were worth $53,404,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Regent Peak Wealth Advisors LLC raised its position in shares of Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock valued at $9,906,000 after purchasing an additional 318 shares during the period. RMR Wealth Builders raised its position in shares of Amazon.com by 2.5% in the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock valued at $15,450,000 after purchasing an additional 1,690 shares during the period. Richard P Slaughter Associates Inc raised its position in shares of Amazon.com by 13.0% in the fourth quarter. Richard P Slaughter Associates Inc now owns 2,117 shares of the e-commerce giant's stock valued at $464,000 after purchasing an additional 244 shares during the period. Cox Capital Mgt LLC raised its position in shares of Amazon.com by 0.4% in the fourth quarter. Cox Capital Mgt LLC now owns 32,325 shares of the e-commerce giant's stock valued at $7,092,000 after purchasing an additional 132 shares during the period. Finally, Founders Grove Wealth Partners LLC bought a new position in Amazon.com during the fourth quarter worth about $943,000. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AMZN shares. Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Westpark Capital reaffirmed a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Maxim Group raised their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Mizuho lowered their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock valued at $20,018,625 over the last three months. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $1.77 during midday trading on Friday, reaching $203.93. The company had a trading volume of 51,641,602 shares, compared to its average volume of 42,021,406. The company's 50 day moving average price is $190.57 and its 200 day moving average price is $208.63. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.16 trillion, a P/E ratio of 36.88, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

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

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.