Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Lodestar Private Asset Management LLC

Key Points

• Lodestar Private Asset Management LLC reduced its stake in Amazon.com by **5.3%**, owning a total of **47,995 shares** valued at **$9,132,000** after selling 2,696 shares in the first quarter.
• Insider Jeffrey P. Bezos sold over **2.6 million shares** for approximately **$609 million**, indicating a **0.30% decrease** in his position, while insiders collectively sold more than **25 million shares** worth **$5.67 billion** in the last ninety days.
• Recent analyst ratings show mixed sentiment, with **45 analysts** issuing buy ratings, while **Wall Street Zen** downgraded Amazon from a **"buy" to a "hold" rating**, reflecting varied expectations on the stock's performance.

Lodestar Private Asset Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,995 shares of the e-commerce giant's stock after selling 2,696 shares during the period. Amazon.com comprises approximately 1.1% of Lodestar Private Asset Management LLC's holdings, making the stock its 27th largest holding. Lodestar Private Asset Management LLC's holdings in Amazon.com were worth $9,132,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management acquired a new stake in Amazon.com in the fourth quarter worth about $35,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the first quarter worth about $40,000. Finally, Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. Barclays reduced their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Scotiabank raised their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 22nd. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. The Goldman Sachs Group reduced their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets raised their price objective on Amazon.com from $233.00 to $270.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $255.21.

Amazon.com Trading Down 0.8%

AMZN traded down $1.89 during mid-day trading on Tuesday, hitting $230.90. 8,528,015 shares of the stock were exchanged, compared to its average volume of 43,771,383. The firm's fifty day moving average is $216.19 and its two-hundred day moving average is $208.82. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.45 trillion, a PE ratio of 37.61, a PEG ratio of 1.72 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 25,102,037 shares of company stock valued at $5,674,871,223. Corporate insiders own 9.70% of the company's stock.

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.