Amazon.com, Inc. (NASDAQ:AMZN) is Lmcg Investments LLC’s 3rd Largest Position

Lmcg Investments LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 339,806 shares of the e-commerce giant’s stock after selling 11,326 shares during the quarter. Amazon.com comprises about 3.2% of Lmcg Investments LLC’s holdings, making the stock its 3rd biggest holding. Lmcg Investments LLC’s holdings in Amazon.com were worth $51,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of AMZN. Vise Technologies Inc. raised its position in Amazon.com by 2.9% in the 4th quarter. Vise Technologies Inc. now owns 50,833 shares of the e-commerce giant’s stock valued at $7,724,000 after purchasing an additional 1,429 shares during the last quarter. Fagan Associates Inc. raised its position in Amazon.com by 1.8% in the 4th quarter. Fagan Associates Inc. now owns 81,980 shares of the e-commerce giant’s stock valued at $12,456,000 after purchasing an additional 1,412 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Amazon.com by 6.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,660,138 shares of the e-commerce giant’s stock valued at $1,434,241,000 after purchasing an additional 567,194 shares during the last quarter. M&G Investment Management Ltd. raised its position in Amazon.com by 23.1% in the 4th quarter. M&G Investment Management Ltd. now owns 94,078 shares of the e-commerce giant’s stock valued at $14,300,000 after purchasing an additional 17,667 shares during the last quarter. Finally, Westpac Banking Corp raised its position in Amazon.com by 3.4% in the 4th quarter. Westpac Banking Corp now owns 323,860 shares of the e-commerce giant’s stock valued at $49,207,000 after purchasing an additional 10,713 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.1 %

Shares of AMZN stock opened at $178.34 on Tuesday. The firm has a market cap of $1.86 trillion, a P/E ratio of 49.96, a PEG ratio of 1.26 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The firm’s 50-day simple moving average is $182.31 and its 200-day simple moving average is $167.94.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares in the company, valued at $92,688,826.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders have sold a total of 62,338 shares of company stock worth $11,363,829 in the last three months. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler upped their price target on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Barclays boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets boosted their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average price target of $212.40.

Get Our Latest Analysis on AMZN

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.

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

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