LFS Asset Management Invests $203,000 in Amazon.com, Inc. (NASDAQ:AMZN)

LFS Asset Management purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,800 shares of the e-commerce giant’s stock, valued at approximately $203,000.

Other hedge funds have also recently made changes to their positions in the company. Fiduciary Planning LLC raised its holdings in shares of Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after buying an additional 5 shares during the last quarter. HBC Financial Services PLLC raised its holdings in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. raised its holdings in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. raised its holdings in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners raised its holdings in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the last quarter. 57.64% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the sale, the chief executive officer now directly owns 529,435 shares of the company’s stock, valued at approximately $54,478,861.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,394 shares of company stock valued at $6,994,626. Company insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AMZN. DA Davidson raised their price target on shares of Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. JMP Securities reissued a “market outperform” rating and set a $140.00 target price on shares of Amazon.com in a report on Thursday. Barclays raised their target price on shares of Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. Rosenblatt Securities raised their target price on shares of Amazon.com from $103.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, February 3rd. Finally, UBS Group raised their target price on shares of Amazon.com from $118.00 to $127.00 in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $144.72.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $100.04 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The firm has a market capitalization of $1.03 trillion, a price-to-earnings ratio of -373.27, a PEG ratio of 3.81 and a beta of 1.25. The company’s 50-day moving average is $96.75 and its two-hundred day moving average is $101.94. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. Amazon.com’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. Analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.