Lake Street Private Wealth LLC Has $13.74 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Lake Street Private Wealth LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,622 shares of the e-commerce giant’s stock after selling 290 shares during the period. Amazon.com accounts for approximately 2.2% of Lake Street Private Wealth LLC’s investment portfolio, making the stock its 7th biggest position. Lake Street Private Wealth LLC’s holdings in Amazon.com were worth $13,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. Hoese & Co LLP bought a new position in shares of Amazon.com in the third quarter valued at about $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com in the 3rd quarter valued at about $45,000. Values First Advisors Inc. bought a new position in Amazon.com in the 3rd quarter valued at about $56,000. IFS Advisors LLC increased its stake in shares of Amazon.com by 1,625.0% during the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 325 shares during the period. Finally, West Financial Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $88,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

AMZN stock opened at $237.68 on Friday. The company has a market capitalization of $2.50 trillion, a P/E ratio of 50.90, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $241.77. The business has a 50-day simple moving average of $223.02 and a two-hundred day simple moving average of $198.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. Research analysts expect that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the sale, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,027,340 shares of company stock worth $1,252,456,773 over the last quarter. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Rosenblatt Securities increased their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Pivotal Research initiated coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. The Goldman Sachs Group raised their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a research note on Wednesday, January 22nd. Finally, Raymond James upped their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $250.33.

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.