Lbmc Investment Advisors LLC Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Lbmc Investment Advisors LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,064 shares of the e-commerce giant’s stock after selling 331 shares during the quarter. Lbmc Investment Advisors LLC’s holdings in Amazon.com were worth $2,593,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mayflower Financial Advisors LLC grew its holdings in shares of Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 572 shares during the last quarter. PayPay Securities Corp grew its holdings in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. Laurel Wealth Planning LLC grew its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Amazon.com during the fourth quarter worth about $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in shares of Amazon.com during the first quarter worth about $38,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the sale, the insider now directly owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. In the last three months, insiders sold 32,210,510 shares of company stock valued at $5,505,223,106. Company insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on AMZN shares. Benchmark raised their price objective on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Robert W. Baird raised their price target on Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $200.00 price target on shares of Amazon.com in a report on Wednesday, March 27th. Morgan Stanley raised their price target on Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Canaccord Genuity Group raised their price target on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $198.09.

Get Our Latest Stock Analysis on AMZN

Amazon.com Trading Up 0.3 %

Shares of AMZN opened at $180.97 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a 50 day simple moving average of $171.33 and a 200-day simple moving average of $151.85. Amazon.com, Inc. has a 1-year low of $97.71 and a 1-year high of $183.00. The stock has a market cap of $1.88 trillion, a price-to-earnings ratio of 62.40, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Equities analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

About Amazon.com

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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