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

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

A number of other large investors also recently bought and sold shares of the business. Interval Partners LP increased its holdings in Amazon.com by 164.5% in the 4th quarter. Interval Partners LP now owns 203,618 shares of the e-commerce giant's stock worth $44,672,000 after acquiring an additional 126,624 shares in the last quarter. Investment Management Corp of Ontario grew its position in shares of Amazon.com by 6.8% in the fourth quarter. Investment Management Corp of Ontario now owns 916,487 shares of the e-commerce giant's stock valued at $201,068,000 after purchasing an additional 58,413 shares during the period. Investor s Fiduciary Advisor Network LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $5,651,000. Ionic Capital Management LLC raised its position in shares of Amazon.com by 92.0% during the 4th quarter. Ionic Capital Management LLC now owns 2,400 shares of the e-commerce giant's stock worth $527,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Amazon.com by 22.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,269,091 shares of the e-commerce giant's stock valued at $497,816,000 after buying an additional 414,546 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the completion of the sale, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at approximately $96,664,732.58. The trade was a 0.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was 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 of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AMZN shares. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Citigroup reiterated an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Jefferies Financial Group reduced their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Wedbush reiterated an "outperform" rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Up 2.5%

Shares of NASDAQ:AMZN traded up $5.03 during trading on Tuesday, hitting $206.02. The company's stock had a trading volume of 34,776,251 shares, compared to its average volume of 41,992,472. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50 day moving average price of $190.16 and a two-hundred day moving average price of $208.75. 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 company has a market capitalization of $2.19 trillion, a PE ratio of 37.25, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its 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 firm posted $0.98 EPS. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.