Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Lakeview Capital Partners LLC

Lakeview Capital Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,599 shares of the e-commerce giant’s stock after acquiring an additional 37 shares during the quarter. Amazon.com makes up 1.5% of Lakeview Capital Partners LLC’s portfolio, making the stock its 11th biggest holding. Lakeview Capital Partners LLC’s holdings in Amazon.com were worth $2,776,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Enterprise Trust & Investment Co purchased a new position in Amazon.com in the second quarter worth approximately $27,000. Macroview Investment Management LLC lifted its stake in Amazon.com by 166.7% in the third quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 10 shares during the last quarter. Phocas Financial Corp. purchased a new position in Amazon.com in the second quarter worth approximately $45,000. Litman Gregory Asset Management LLC purchased a new position in Amazon.com in the second quarter worth approximately $53,000. Finally, Financial Advantage Inc. lifted its stake in Amazon.com by 26.7% in the third quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after acquiring an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 55.60% of the company’s stock.

AMZN has been the subject of a number of recent research reports. Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, October 25th. Wells Fargo & Co lifted their price target on shares of Amazon.com from $2,200.00 to $2,300.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Mizuho lifted their price target on shares of Amazon.com from $2,150.00 to $2,200.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Jefferies Financial Group set a $2,300.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Wolfe Research initiated coverage on shares of Amazon.com in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $2,234.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $2,189.97.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 3,475 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $17,739,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jeffrey M. Blackburn sold 7,144 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $1,791.40, for a total transaction of $12,797,761.60. Following the completion of the transaction, the senior vice president now owns 56,011 shares in the company, valued at $100,338,105.40. The disclosure for this sale can be found here. Insiders sold a total of 22,747 shares of company stock worth $40,737,808 over the last quarter. Insiders own 16.10% of the company’s stock.

Shares of Amazon.com stock traded down $2.32 during trading on Friday, reaching $1,785.88. The company’s stock had a trading volume of 2,123,300 shares, compared to its average volume of 4,016,732. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,035.80. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $1,759.09 and a two-hundred day moving average price of $1,840.01. The firm has a market cap of $893.28 billion, a PE ratio of 88.67, a P/E/G ratio of 3.20 and a beta of 1.56.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business had revenue of $69.98 billion during the quarter, compared to analysts’ expectations of $68.72 billion. During the same quarter in the prior year, the firm earned $5.75 earnings per share. Amazon.com’s quarterly revenue was up 23.7% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

Read More: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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