Lionshead Wealth Management LLC Buys Shares of 6,856 Amazon.com, Inc. (NASDAQ:AMZN)

Lionshead Wealth Management LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,856 shares of the e-commerce giant’s stock, valued at approximately $1,504,000. Amazon.com comprises about 1.1% of Lionshead Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position.

Several other institutional investors also recently modified their holdings of AMZN. Regent Peak Wealth Advisors LLC lifted its stake in Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant’s stock valued at $9,906,000 after buying an additional 318 shares during the period. RMR Wealth Builders raised its position in shares of Amazon.com by 2.5% in the 4th quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant’s stock valued at $15,450,000 after acquiring an additional 1,690 shares during the period. Mayfair Advisory Group LLC boosted its stake in Amazon.com by 13.4% during the 4th quarter. Mayfair Advisory Group LLC now owns 5,697 shares of the e-commerce giant’s stock worth $1,250,000 after acquiring an additional 672 shares during the last quarter. Fiduciary Financial Group LLC boosted its stake in Amazon.com by 19.5% during the 4th quarter. Fiduciary Financial Group LLC now owns 9,249 shares of the e-commerce giant’s stock worth $2,025,000 after acquiring an additional 1,511 shares during the last quarter. Finally, 626 Financial LLC grew its holdings in Amazon.com by 0.6% during the fourth quarter. 626 Financial LLC now owns 36,176 shares of the e-commerce giant’s stock valued at $7,937,000 after purchasing an additional 229 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Jefferies Financial Group cut their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Benchmark reaffirmed a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Citigroup reiterated an “outperform” rating on shares of Amazon.com in a report on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, Mizuho dropped their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $244.09.

Amazon.com Stock Down 1.0%

AMZN stock opened at $200.99 on Tuesday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business has a 50-day simple moving average of $190.16 and a 200 day simple moving average of $208.75. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.13 trillion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is currently owned by corporate insiders.

About Amazon.com

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.