Lionshead Wealth Management LLC Purchases Shares of 6,856 Amazon.com, Inc. (NASDAQ:AMZN)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Momentous Wealth Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at $749,000. Segall Bryant & Hamill LLC raised its stake in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC raised its stake in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares in the last quarter. Bearing Point Capital LLC acquired a new stake in Amazon.com in the fourth quarter valued at $12,014,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after buying an additional 2,196,353 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Benchmark reiterated a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Cantor Fitzgerald lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Royal Bank of Canada dropped their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated 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. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,018,625 in the last quarter. 9.70% of the stock is currently owned by company insiders.

Amazon.com Trading Up 0.2%

NASDAQ AMZN traded up $0.34 on Thursday, hitting $205.06. 24,233,255 shares of the stock were exchanged, compared to its average volume of 41,921,996. The company's 50-day moving average price is $190.55 and its two-hundred day moving average price is $208.71. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.09, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com 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.