LGL Partners LLC Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

LGL Partners LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 45.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 739 shares of the e-commerce giant’s stock after selling 619 shares during the quarter. Amazon.com makes up 0.3% of LGL Partners LLC’s investment portfolio, making the stock its 23rd largest holding. LGL Partners LLC’s holdings in Amazon.com were worth $2,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC increased its position in shares of Amazon.com by 2.0% during the 4th quarter. International Assets Investment Management LLC now owns 5,382 shares of the e-commerce giant’s stock valued at $17,945,000 after purchasing an additional 105 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Amazon.com during the 4th quarter valued at $27,865,000. Chartist Inc. CA increased its position in shares of Amazon.com by 10.1% during the 4th quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant’s stock valued at $1,057,000 after purchasing an additional 29 shares during the last quarter. Fort Point Capital Partners LLC increased its position in shares of Amazon.com by 5.1% during the 4th quarter. Fort Point Capital Partners LLC now owns 3,525 shares of the e-commerce giant’s stock valued at $11,754,000 after purchasing an additional 170 shares during the last quarter. Finally, Heritage Investment Group Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at $1,797,000. 57.15% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $133.27 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68. The business has a 50 day moving average of $128.07 and a 200 day moving average of $131.65. The company has a market capitalization of $1.36 trillion, a price-to-earnings ratio of 119.47, a PEG ratio of 5.82 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The company had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. Amazon.com’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 0.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $142.29, for a total value of $3,360,889.80. Following the transaction, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP David Zapolsky sold 10,480 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the transaction, the senior vice president now directly owns 60,260 shares of the company’s stock, valued at $8,738,302.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 23,620 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the transaction, the chief executive officer now directly owns 1,892,000 shares in the company, valued at $269,212,680. The disclosure for this sale can be found here. Insiders have sold 70,108 shares of company stock valued at $9,736,335 in the last ninety days. Company insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AMZN shares. Tigress Financial reaffirmed a “buy” rating and set a $232.00 target price on shares of Amazon.com in a research report on Wednesday, June 29th. Rosenblatt Securities lifted their price objective on Amazon.com to $118.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Cowen decreased their price objective on Amazon.com from $215.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, July 14th. MKM Partners decreased their price objective on Amazon.com from $180.00 to $165.00 in a report on Monday, July 25th. Finally, Citigroup lifted their price objective on Amazon.com to $185.00 in a report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $176.61.

Amazon.com Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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