Amazon.com, Inc. (NASDAQ:AMZN) is Lake Street Financial LLC’s 7th Largest Position

Lake Street Financial LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 69.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,292 shares of the e-commerce giant’s stock after selling 2,960 shares during the period. Amazon.com makes up 2.7% of Lake Street Financial LLC’s investment portfolio, making the stock its 7th biggest holding. Lake Street Financial LLC’s holdings in Amazon.com were worth $4,212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Buttonwood Financial Advisors Inc. purchased a new stake in Amazon.com during the 4th quarter valued at approximately $1,024,000. International Assets Investment Management LLC increased its position in 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 worth $17,945,000 after purchasing an additional 105 shares during the period. Kavar Capital Partners Group LLC increased its position in Amazon.com by 7.6% during the 4th quarter. Kavar Capital Partners Group LLC now owns 1,042 shares of the e-commerce giant’s stock worth $3,474,000 after purchasing an additional 74 shares during the period. Marshall Financial Group LLC increased its position in Amazon.com by 32.8% during the 4th quarter. Marshall Financial Group LLC now owns 409 shares of the e-commerce giant’s stock worth $1,364,000 after purchasing an additional 101 shares during the period. Finally, Howard Financial Services LTD. increased its position in Amazon.com by 1.2% during the 4th quarter. Howard Financial Services LTD. now owns 736 shares of the e-commerce giant’s stock worth $2,454,000 after purchasing an additional 9 shares during the period. 72.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AMZN shares. DA Davidson dropped their target price on Amazon.com from $195.00 to $156.25 in a research report on Friday, April 29th. Cowen upped their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “maintains” rating in a report on Friday. Evercore ISI lowered their price target on Amazon.com from $205.00 to $180.00 and set an “outperform” rating on the stock in a report on Friday, June 24th. Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $155.00 to $175.00 and gave the stock a “maintains” rating in a report on Friday. Finally, Monness Crespi & Hardt lowered their price target on Amazon.com from $225.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, April 29th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and thirty have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.45.

Amazon.com Trading Up 10.4 %

NASDAQ:AMZN opened at $134.95 on Monday. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. The stock has a market cap of $1.37 trillion, a price-to-earnings ratio of 65.15, a PEG ratio of 4.38 and a beta of 1.25. The business has a fifty day moving average of $114.13 and a 200-day moving average of $134.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.96.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The firm had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. During the same period in the prior year, the business earned $0.76 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 1.12 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO David H. Clark sold 2,270 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the transaction, the chief executive officer now owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the sale, the chief executive officer now directly owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 1,181 shares of Amazon.com stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the completion of the transaction, the chief executive officer now directly owns 92,781 shares in the company, valued at approximately $209,870,622. The disclosure for this sale can be found here. Insiders sold 4,803 shares of company stock valued at $10,528,337 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

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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