Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the 3rd quarter, Holdings Channel reports. The firm owned 327,951 shares of the e-commerce giant’s stock after selling 10,005 shares during the period. Amazon.com comprises approximately 3.7% of Lmcg Investments LLC’s investment portfolio, making the stock its 3rd biggest holding. Lmcg Investments LLC’s holdings in Amazon.com were worth $61,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. China Universal Asset Management Co. Ltd. grew its holdings in shares of Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares in the last quarter. Quent Capital LLC lifted its stake in shares of Amazon.com by 3.3% during the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after buying an additional 1,081 shares during the period. BTG Pactual Global Asset Management Ltd boosted its position in Amazon.com by 225.1% during the first quarter. BTG Pactual Global Asset Management Ltd now owns 86,958 shares of the e-commerce giant’s stock worth $15,685,000 after acquiring an additional 60,208 shares during the last quarter. L1 Capital International Pty Ltd grew its stake in Amazon.com by 17.0% in the 1st quarter. L1 Capital International Pty Ltd now owns 89,396 shares of the e-commerce giant’s stock worth $16,178,000 after acquiring an additional 12,979 shares during the period. Finally, Kodai Capital Management LP grew its stake in Amazon.com by 9.4% in the 1st quarter. Kodai Capital Management LP now owns 454,565 shares of the e-commerce giant’s stock worth $81,994,000 after acquiring an additional 39,108 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Oppenheimer increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Benchmark boosted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.98.

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,030,183 shares of company stock worth $1,252,883,795 in the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $226.09 on Tuesday. The stock has a market capitalization of $2.38 trillion, a P/E ratio of 48.41, a P/E/G ratio of 1.52 and a beta of 1.16. The firm’s 50-day moving average price is $198.19 and its two-hundred day moving average price is $188.47. Amazon.com, Inc. has a 52-week low of $143.64 and a 52-week high of $230.08. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Amazon.com Company Profile

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.