Lpwm LLC Purchases 806 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Lpwm LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.8% in the 4th quarter, Holdings Channel reports. The fund owned 6,244 shares of the e-commerce giant’s stock after buying an additional 806 shares during the quarter. Lpwm LLC’s holdings in Amazon.com were worth $907,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. King Wealth boosted its holdings in Amazon.com by 4.6% in the 2nd quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock valued at $3,826,000 after purchasing an additional 1,296 shares during the period. Ascension Asset Management LLC purchased a new stake in shares of Amazon.com in the second quarter worth $2,001,000. Register Financial Advisors LLC boosted its stake in Amazon.com by 14.3% during the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after buying an additional 657 shares during the period. Wedge Capital Management L L P NC grew its position in Amazon.com by 1.0% during the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after buying an additional 148 shares in the last quarter. Finally, Westchester Capital Management Inc. increased its stake in Amazon.com by 0.6% in the 2nd quarter. Westchester Capital Management Inc. now owns 28,246 shares of the e-commerce giant’s stock worth $3,682,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMZN shares. Raymond James raised their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Canaccord Genuity Group lifted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Truist Financial reissued a “buy” rating and issued a $195.00 target price on shares of Amazon.com in a research note on Friday, March 22nd. JPMorgan Chase & Co. lifted their price target on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Evercore ISI increased their price objective on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $197.95.

Read Our Latest Analysis on AMZN

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,210,510 shares of company stock worth $5,505,223,106. Company insiders own 12.30% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $180.38 on Friday. The firm has a market capitalization of $1.87 trillion, a P/E ratio of 62.20, a PEG ratio of 1.57 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $97.71 and a one year high of $181.70. The business has a fifty day moving average of $171.33 and a 200 day moving average of $151.73.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current year.

Amazon.com Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.