Lakeview Capital Partners LLC Sells 84 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, January 30th. The e-commerce giant reported $6.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $2.49. Amazon.com had a net margin of 4.13% and a return on equity of 21.07%. The business had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $86.09 billion. During the same quarter last year, the company posted $6.04 earnings per share. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 27.57 EPS for the current fiscal year.

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.

About Amazon.com

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.

Recommended Story: Understanding Analyst Recommendations

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.