Leigh Baldwin & CO. LLC Purchases New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Leigh Baldwin & CO. LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,072 shares of the e-commerce giant's stock, valued at approximately $3,526,000. Amazon.com accounts for approximately 1.9% of Leigh Baldwin & CO. LLC's portfolio, making the stock its 4th biggest position.

Several other institutional investors also recently modified their holdings of the company. Tallon Kerry Patrick bought a new stake in Amazon.com in the fourth quarter valued at $800,000. Capital & Planning LLC boosted its stake in shares of Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC grew its holdings in shares of Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares during the last quarter. Reliant Investment Management LLC increased its position in shares of Amazon.com by 1.8% during the 4th quarter. Reliant Investment Management LLC now owns 35,424 shares of the e-commerce giant's stock worth $7,772,000 after purchasing an additional 622 shares in the last quarter. Finally, ARS Investment Partners LLC lifted its holdings in Amazon.com by 1.6% during the 4th quarter. ARS Investment Partners LLC now owns 201,970 shares of the e-commerce giant's stock valued at $44,310,000 after purchasing an additional 3,178 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN opened at $213.57 on Friday. The firm has a market cap of $2.27 trillion, a P/E ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm's 50 day moving average price is $191.84 and its two-hundred day moving average price is $208.71.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its 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 firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer now directly owns 517,050 shares of the company's stock, valued at approximately $105,984,909. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 over the last three months. Corporate insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Scotiabank decreased their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Wedbush restated an "outperform" rating and set a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price target on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Loop Capital boosted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.89.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.