Lakewood Asset Management LLC Takes $207,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Lakewood Asset Management LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,150 shares of the e-commerce giant’s stock, valued at approximately $207,000.

A number of other hedge funds have also recently made changes to their positions in AMZN. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter worth approximately $17,700,551,000. Vanguard Group Inc. grew its holdings in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. FMR LLC lifted its holdings in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after purchasing an additional 12,176,114 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,889,146 over the last 90 days. 10.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Tuesday, April 16th. Mizuho upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. Finally, Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $205.13.

Amazon.com Price Performance

NASDAQ:AMZN traded up $5.95 during trading hours on Friday, hitting $179.62. 43,846,973 shares of the stock were exchanged, compared to its average volume of 36,227,088. The firm’s fifty day moving average price is $177.99 and its 200 day moving average price is $158.59. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77. The company has a market cap of $1.87 trillion, a P/E ratio of 61.94, a P/E/G ratio of 1.50 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period in the previous year, the company posted $0.21 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.11 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.