Lbmc Investment Advisors LLC Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Lbmc Investment Advisors LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,693 shares of the e-commerce giant’s stock after selling 1,597 shares during the period. Amazon.com comprises approximately 0.5% of Lbmc Investment Advisors LLC’s portfolio, making the stock its 29th largest position. Lbmc Investment Advisors LLC’s holdings in Amazon.com were worth $6,953,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Hoese & Co LLP purchased a new stake in Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the third quarter worth about $45,000. Values First Advisors Inc. acquired a new stake in Amazon.com in the third quarter valued at about $56,000. IFS Advisors LLC boosted its holdings in Amazon.com by 1,625.0% in the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares in the last quarter. Finally, West Financial Advisors LLC acquired a new position in Amazon.com during the 4th quarter worth approximately $88,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 1.3 %

NASDAQ AMZN opened at $237.68 on Monday. The company has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 50.90, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $241.77. The company’s fifty day moving average price is $223.83 and its two-hundred day moving average price is $198.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

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 analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 5.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AMZN shares. Moffett Nathanson raised their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Benchmark boosted their target price on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Redburn Atlantic raised their price target on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Evercore ISI boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Wolfe Research raised their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $251.44.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is currently owned by 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.