Lake Street Advisors Group LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Lake Street Advisors Group LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 121,235 shares of the e-commerce giant’s stock after acquiring an additional 8,757 shares during the period. Amazon.com makes up approximately 1.2% of Lake Street Advisors Group LLC’s holdings, making the stock its 19th largest holding. Lake Street Advisors Group LLC’s holdings in Amazon.com were worth $26,598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Accordant Advisory Group Inc raised its position in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the last quarter. Bull Oak Capital LLC acquired a new stake in Amazon.com in the third quarter valued at $45,000. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the 4th quarter worth $51,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $201.36 on Friday. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 36.41, a PEG ratio of 1.50 and a beta of 1.19. The company has a 50-day simple moving average of $217.53 and a two-hundred day simple moving average of $208.75. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued 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 net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 in the last three months. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. UBS Group boosted their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Benchmark boosted their target price on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Royal Bank of Canada lifted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, JMP Securities reissued a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com 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.