LGT Group Foundation Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

LGT Group Foundation decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 964,554 shares of the e-commerce giant’s stock after selling 123,819 shares during the period. Amazon.com accounts for about 3.3% of LGT Group Foundation’s portfolio, making the stock its 4th largest holding. LGT Group Foundation’s holdings in Amazon.com were worth $147,943,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. PayPay Securities Corp increased its position in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $43,000. Harbor Investment Advisory LLC boosted its stake in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the period. Finally, Authentikos Wealth Advisory LLC acquired a new stake in Amazon.com during the third quarter worth approximately $49,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. UBS Group upped their target price on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Sanford C. Bernstein increased their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Rosenblatt Securities restated a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Truist Financial increased their price target on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus price target of $211.62.

Amazon.com Stock Down 0.2 %

AMZN stock opened at $180.75 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a fifty-two week low of $114.31 and a fifty-two week high of $191.70. The stock’s 50 day simple moving average is $182.04 and its 200 day simple moving average is $166.06. The company has a market cap of $1.88 trillion, a P/E ratio of 50.63, a price-to-earnings-growth ratio of 1.31 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the firm posted $0.31 EPS. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. On average, research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the sale, the chief executive officer now directly owns 1,994,182 shares in the company, valued at $358,952,760. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The disclosure for this sale can be found here. Over the last three months, insiders sold 117,894 shares of company stock worth $21,363,909. 10.80% of the stock is owned by corporate insiders.

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.