LFA Lugano Financial Advisors SA Sells 2,728 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

LFA Lugano Financial Advisors SA lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 19.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,152 shares of the e-commerce giant’s stock after selling 2,728 shares during the quarter. LFA Lugano Financial Advisors SA’s holdings in Amazon.com were worth $937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. McElhenny Sheffield Capital Management LLC acquired a new position in Amazon.com during the 4th quarter valued at about $27,000. Retirement Financial Solutions LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $32,000. Laurel Wealth Planning LLC raised its position in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the last quarter. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com in the 1st quarter worth approximately $38,000. Finally, Cowa LLC purchased a new stake in Amazon.com during the 3rd quarter worth approximately $40,000. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $114.99 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.18 trillion, a P/E ratio of 273.79, a PEG ratio of 4.04 and a beta of 1.26. The company has a 50-day moving average price of $104.48 and a 200 day moving average price of $97.42. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Susquehanna lifted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Friday, February 3rd. Evercore ISI reduced their price objective on Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Monday, April 3rd. Benchmark lifted their target price on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Roth Capital reiterated a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. Finally, UBS Group lifted their price objective on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.12.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Brian T. Olsavsky sold 16,800 shares of Amazon.com stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $116.69, for a total value of $1,960,392.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $5,717,810. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $13,846,568. The disclosure for this sale can be found here. Insiders have sold 75,144 shares of company stock worth $8,405,887 over the last quarter. 12.70% of the stock is currently owned by company insiders.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.