Lodestar Private Asset Management LLC Trims Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Lodestar Private Asset Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,691 shares of the e-commerce giant’s stock after selling 83 shares during the quarter. Amazon.com comprises approximately 1.4% of Lodestar Private Asset Management LLC’s portfolio, making the stock its 20th biggest position. Lodestar Private Asset Management LLC’s holdings in Amazon.com were worth $11,121,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% in the fourth 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 Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the last quarter. Hoese & Co LLP acquired a new stake in Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the 3rd quarter worth about $45,000. Finally, Quattro Financial Advisors LLC lifted its stake in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 5,848 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the sale, the senior vice president now directly owns 69,162 shares of the company’s stock, valued at $15,265,436.64. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,649 shares of company stock valued at $23,871,905. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 3.4 %

NASDAQ AMZN opened at $205.02 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.17 trillion, a PE ratio of 37.07, a PEG ratio of 1.50 and a beta of 1.15. The business has a fifty day moving average price of $226.04 and a two-hundred day moving average price of $206.30.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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 24.25% and a net margin of 9.29%. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMZN. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Robert W. Baird increased their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Loop Capital lifted their price target on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. UBS Group raised their target price on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Jefferies Financial Group lifted their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price 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.