Lecap Asset Management Ltd. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Lecap Asset Management Ltd. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,133 shares of the e-commerce giant’s stock, valued at approximately $1,738,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com during the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management bought a new stake in Amazon.com in the 4th quarter valued at $35,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the 1st quarter valued at $40,000. Finally, Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,442,187 shares of the company’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $225.89, for a total transaction of $551,665,621.43. Following the sale, the insider owned 895,279,901 shares in the company, valued at $202,234,776,836.89. This represents a 0.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the sale, the chief executive officer owned 514,550 shares in the company, valued at approximately $113,231,873. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,602,037 shares of company stock valued at $3,044,172,641. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Down 1.4%

Shares of NASDAQ AMZN opened at $223.19 on Thursday. The firm has a market cap of $2.37 trillion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company has a 50 day simple moving average of $212.21 and a 200 day simple moving average of $208.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

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, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business’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 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Citigroup restated a “market outperform” rating on shares of Amazon.com in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reduced their price target on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Westpark Capital restated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. JMP Securities upped their target price on Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a research report on Thursday, July 10th. Finally, BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $250.35.

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.