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

Lakewood Asset Management LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, HoldingsChannel.com reports. The fund purchased 1,150 shares of the e-commerce giant’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Cooksen Wealth LLC acquired a new position in Amazon.com during the fourth quarter worth about $30,000. PayPay Securities Corp increased its stake in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC purchased a new stake in Amazon.com in the 4th quarter valued at approximately $43,000. Finally, Harbor Investment Advisory LLC grew its holdings in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 3.4 %

NASDAQ AMZN traded up $5.95 on Friday, reaching $179.62. The company had a trading volume of 43,846,973 shares, compared to its average volume of 36,227,088. 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 1 year low of $101.15 and a 1 year high of $189.77. The firm has a 50-day moving average of $177.99 and a 200-day moving average of $158.59. The firm has a market capitalization of $1.87 trillion, a PE ratio of 61.94, a P/E/G ratio of 1.50 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Susquehanna boosted their price target on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Robert W. Baird upped their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday. Finally, UBS Group boosted their price objective on shares of Amazon.com from $198.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus price target of $205.13.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 10,920 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $169.21, for a total transaction of $1,847,773.20. Following the transaction, the senior vice president now owns 59,100 shares in the company, valued at $10,000,311. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last ninety days. Insiders own 10.30% of the company’s stock.

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.