Leigh Baldwin & CO. LLC Makes New $760.10 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Leigh Baldwin & CO. LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,464,607 shares of the e-commerce giant's stock, valued at approximately $760,100,000. Amazon.com comprises about 4.0% of Leigh Baldwin & CO. LLC's investment portfolio, making the stock its 6th biggest position.

Several other hedge funds also recently modified their holdings of the stock. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $27,000. Accordant Advisory Group Inc grew its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the last quarter. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth approximately $35,000. Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in Amazon.com in the fourth quarter worth $51,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN traded down $0.72 during trading on Friday, hitting $204.98. The company's stock had a trading volume of 20,193,600 shares, compared to its average volume of 41,917,608. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 1.50 and a beta of 1.30. The business's fifty day simple moving average is $190.60 and its 200 day simple moving average is $208.70.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 7,100 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.23, for a total value of $1,428,733.00. Following the sale, the senior vice president now owns 60,600 shares in the company, valued at approximately $12,194,538. The trade was a 10.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,537 shares of company stock valued at $20,018,625. Insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research analyst reports. Bank of America dropped their price target on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Citigroup reissued an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Wedbush reissued an "outperform" rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Tigress Financial raised their price objective on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, UBS Group reissued a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $244.09.

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.