Amazon.com, Inc. (NASDAQ:AMZN) Position Raised by LM Advisors LLC

LM Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,567 shares of the e-commerce giant's stock after acquiring an additional 1,236 shares during the quarter. Amazon.com makes up 8.9% of LM Advisors LLC's investment portfolio, making the stock its largest position. LM Advisors LLC's holdings in Amazon.com were worth $53,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Momentous Wealth Management Inc. purchased a new stake in Amazon.com in the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC lifted its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after buying an additional 39,696 shares during the period. Patton Albertson Miller Group LLC lifted its holdings in Amazon.com by 2.7% in the 4th quarter. Patton Albertson Miller Group LLC now owns 18,790 shares of the e-commerce giant's stock worth $4,122,000 after buying an additional 495 shares during the period. Leisure Capital Management lifted its holdings in Amazon.com by 1.3% in the 4th quarter. Leisure Capital Management now owns 5,709 shares of the e-commerce giant's stock worth $1,252,000 after buying an additional 76 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Amazon.com by 10.5% in the 4th quarter. Allworth Financial LP now owns 329,000 shares of the e-commerce giant's stock valued at $77,318,000 after purchasing an additional 31,238 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,037 shares of company stock valued at $20,531,075. Company insiders own 9.70% of the company's stock.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Westpark Capital restated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Scotiabank lowered their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. UBS Group restated a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. JPMorgan Chase & Co. raised their target price on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price 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. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $244.89.

Amazon.com Stock Performance

Shares of AMZN traded up $5.66 during trading hours on Friday, hitting $213.57. The stock had a trading volume of 39,746,466 shares, compared to its average volume of 42,160,042. 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, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market capitalization of $2.27 trillion, a PE ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. The stock has a fifty day moving average price of $191.84 and a 200 day moving average price of $208.75.

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 the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.