Lmcg Investments LLC Has $69.31 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Lmcg Investments LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 315,920 shares of the e-commerce giant’s stock after selling 12,031 shares during the period. Amazon.com accounts for about 4.3% of Lmcg Investments LLC’s holdings, making the stock its 3rd biggest position. Lmcg Investments LLC’s holdings in Amazon.com were worth $69,310,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC grew its stake in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the third quarter valued at $45,000. Values First Advisors Inc. bought a new stake in shares of Amazon.com during the 3rd quarter valued at $56,000. Finally, Harbor Investment Advisory LLC lifted its holdings in Amazon.com by 1.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after purchasing an additional 3,055 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on AMZN shares. Evercore ISI raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Rosenblatt Securities raised their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Truist Financial lifted their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Monness Crespi & Hardt upped their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $252.56.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’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 directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the transaction, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,026,212 shares of company stock valued at $625,666,424 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.1 %

AMZN opened at $238.83 on Friday. 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, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market cap of $2.51 trillion, a PE ratio of 51.14, a PEG ratio of 1.35 and a beta of 1.15. The business has a 50 day moving average of $225.85 and a 200-day moving average of $200.03.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Equities research analysts predict that Amazon.com, Inc. will post 5.3 earnings per share for the current fiscal 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.