Lakeview Capital Partners LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,515 shares of the e-commerce giant’s stock after selling 84 shares during the period. Amazon.com comprises about 1.3% of Lakeview Capital Partners LLC’s holdings, making the stock its 11th largest position. Lakeview Capital Partners LLC’s holdings in Amazon.com were worth $2,800,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. NBT Bank N A NY raised its holdings in shares of Amazon.com by 8.2% in the fourth quarter. NBT Bank N A NY now owns 867 shares of the e-commerce giant’s stock valued at $1,602,000 after purchasing an additional 66 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in shares of Amazon.com by 2.9% in the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,118 shares of the e-commerce giant’s stock valued at $3,914,000 after purchasing an additional 59 shares during the last quarter. Montag A & Associates Inc. raised its holdings in shares of Amazon.com by 1.5% in the fourth quarter. Montag A & Associates Inc. now owns 10,225 shares of the e-commerce giant’s stock valued at $18,894,000 after purchasing an additional 150 shares during the last quarter. Hendley & Co. Inc. raised its holdings in shares of Amazon.com by 1.2% in the fourth quarter. Hendley & Co. Inc. now owns 1,759 shares of the e-commerce giant’s stock valued at $3,250,000 after purchasing an additional 20 shares during the last quarter. Finally, Clark Estates Inc. NY purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $6,292,000. 56.42% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ AMZN opened at $2,134.87 on Friday. Amazon.com, Inc. has a 52-week low of $1,586.57 and a 52-week high of $2,185.95. The company has a 50-day simple moving average of $1,928.31 and a 200 day simple moving average of $1,817.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.10. The company has a market capitalization of $1,062.76 billion, a PE ratio of 92.78, a price-to-earnings-growth ratio of 2.89 and a beta of 1.58.
Several analysts have recently commented on the stock. Deutsche Bank increased their target price on shares of Amazon.com from $2,150.00 to $2,275.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. ValuEngine upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Sanford C. Bernstein assumed coverage on shares of Amazon.com in a report on Thursday, January 9th. They issued a “market perform” rating and a $2,050.00 target price for the company. Raymond James reiterated an “outperform” rating and issued a $2,400.00 target price (up previously from $2,020.00) on shares of Amazon.com in a report on Friday, January 31st. Finally, Oppenheimer increased their target price on shares of Amazon.com from $2,040.00 to $2,400.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $2,319.76.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 364,684 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $2,036.42, for a total transaction of $742,649,791.28. Following the completion of the transaction, the chief executive officer now owns 57,001,001 shares in the company, valued at $116,077,978,456.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 1,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $1,748.04, for a total transaction of $1,748,040.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $17,480,400. The disclosure for this sale can be found here. Insiders have sold 716,969 shares of company stock valued at $1,465,051,075 in the last quarter. Company insiders own 16.10% of the company’s stock.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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