LMG Wealth Partners LLC Reduces Position in Amazon.com, Inc. $AMZN

LMG Wealth Partners LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the fourth quarter, Holdings Channel reports. The fund owned 37,764 shares of the e-commerce giant’s stock after selling 2,122 shares during the quarter. Amazon.com accounts for 1.6% of LMG Wealth Partners LLC’s investment portfolio, making the stock its 15th largest holding. LMG Wealth Partners LLC’s holdings in Amazon.com were worth $8,717,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairway Wealth LLC increased its position in shares of Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 60 shares during the last quarter. Sellwood Investment Partners LLC acquired a new position in Amazon.com in the third quarter worth about $27,000. Bridge Generations Wealth Management LLC grew its stake in Amazon.com by 2,330.0% in the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 233 shares in the last quarter. Cooksen Wealth LLC grew its stake in Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in Amazon.com by 2.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 309,697 shares of the e-commerce giant’s stock worth $71,000 after purchasing an additional 7,329 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $266.32 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $239.50 and a two-hundred day moving average of $231.70. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The company has a market cap of $2.86 trillion, a P/E ratio of 31.86, a PEG ratio of 1.99 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. Amazon.com’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 7.71 EPS for the current year.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Bank of America reiterated a Buy rating and raised its price target to $310, saying Amazon’s AI-powered shopping tools could help defend and expand its retail franchise. BofA Pounds the Table on Amazon (AMZN) Stock, Sets $310 Price Target
• Positive Sentiment: Analysts and market commentary highlighted Amazon’s breakout above key technical levels and said the stock remains in a bullish setup, which can attract momentum buyers. Amazon (AMZN) Recently Broke Out Above the 20-Day Moving Average
• Positive Sentiment: Recent coverage from multiple outlets pointed to Amazon’s AI initiatives, including Alexa for Shopping, as a potential long-term growth driver for retail and advertising. Amazon’s Alexa for Shopping seen driving long-term retail growth
• Positive Sentiment: Jeff Bezos and other supporters defended heavy AI spending, and Bill Ackman reportedly added to Amazon, reinforcing the idea that major investors still see upside in the stock. Billionaire Bill Ackman Piled Into Amazon and Microsoft and Slashed His Fund’s Mammoth Stake in This AI Kingpin by 95%
• Neutral Sentiment: Amazon shareholders re-elected the board and approved the existing pay and governance framework, signaling continuity rather than a major corporate change. Amazon Shareholders Back Board, Pay and Governance Status Quo
• Negative Sentiment: Amazon also faced fresh criticism from U.K. lawmakers over delivery practices, which could add regulatory pressure to the company’s logistics and marketplace operations. Amazon (AMZN) Hit with New Accusation From U.K. Lawmakers

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMZN. New Street Research lifted their price target on Amazon.com from $280.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Raymond James Financial reiterated an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 1st. President Capital decreased their price target on Amazon.com from $320.00 to $296.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Robert W. Baird lifted their price target on Amazon.com from $285.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $315.00 price target on shares of Amazon.com in a research note on Friday, April 10th. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $312.66.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 11,475 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $262.66, for a total transaction of $3,014,023.50. Following the completion of the transaction, the chief executive officer directly owned 11,430 shares in the company, valued at approximately $3,002,203.80. The trade was a 50.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $7,562,500.00. Following the transaction, the chief executive officer owned 471,361 shares of the company’s stock, valued at approximately $129,624,275. This represents a 5.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 146,773 shares of company stock valued at $37,989,011 over the last 90 days. 8.90% of the stock is owned by corporate insiders.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.