Lionshead Wealth Management LLC Invests $1.50 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Lionshead Wealth Management LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,856 shares of the e-commerce giant's stock, valued at approximately $1,504,000. Amazon.com accounts for approximately 1.1% of Lionshead Wealth Management LLC's portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $25,000. Accordant Advisory Group Inc increased its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares during the period. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Finally, Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% during the fourth 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 in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AMZN shares. Citizens Jmp dropped their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Bank of America reduced their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Rosenblatt Securities boosted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Stock Performance

NASDAQ AMZN traded down $1.30 during mid-day trading on Wednesday, reaching $204.72. 27,702,158 shares of the stock were exchanged, compared to its average volume of 41,937,675. The company has a market capitalization of $2.17 trillion, a P/E ratio of 37.02, a P/E/G ratio of 1.50 and a beta of 1.30. 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 business's 50 day moving average is $190.38 and its 200-day moving average is $208.73. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the company posted $0.98 EPS. The company'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 other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the transaction, the senior vice president now owns 47,030 shares in the company, valued at $9,519,342.30. This represents a 22.39% 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 worth $20,018,625. 9.70% of the stock is owned by corporate insiders.

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.