Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Lansing Street Advisors

Lansing Street Advisors boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 24.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,220 shares of the e-commerce giant’s stock after purchasing an additional 827 shares during the quarter. Lansing Street Advisors’ holdings in Amazon.com were worth $803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the 4th quarter valued at about $35,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth about $40,000. Finally, Perritt Capital Management Inc grew its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. DA Davidson decreased their target price on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 14th. JMP Securities lifted their target price on Amazon.com from $250.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 10th. Piper Sandler set a $250.00 price target on shares of Amazon.com and gave the company an “overweight” rating in a report on Friday, July 11th. Cantor Fitzgerald boosted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. 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. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $254.33.

Amazon.com Price Performance

NASDAQ:AMZN opened at $231.44 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $215.66 and its 200 day moving average price is $208.82. The firm has a market cap of $2.46 trillion, a P/E ratio of 37.69, a PEG ratio of 1.72 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 25,102,037 shares of company stock worth $5,674,871,223. 9.70% of the stock is owned by insiders.

Amazon.com Company Profile

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.