Lewis Asset Management LLC Purchases Shares of 24,303 Amazon.com, Inc. (NASDAQ:AMZN)

Lewis Asset Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 24,303 shares of the e-commerce giant’s stock, valued at approximately $3,693,000. Amazon.com comprises about 3.4% of Lewis Asset Management LLC’s portfolio, making the stock its 6th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Register Financial Advisors LLC increased its holdings in shares of Amazon.com by 14.3% in the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after buying an additional 657 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Amazon.com by 1.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after buying an additional 148 shares during the last quarter. Cherrydale Wealth Management LLC increased its holdings in shares of Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares during the last quarter. Tompkins Financial Corp increased its holdings in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. increased its holdings in shares of Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMZN shares. Susquehanna boosted their target price on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Oppenheimer lifted their price target on shares of Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Maxim Group began coverage on shares of Amazon.com in a research note on Wednesday. They set a “buy” rating and a $218.00 price target for the company. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average price target of $202.80.

Amazon.com Trading Down 1.1 %

NASDAQ:AMZN opened at $179.22 on Friday. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The firm has a 50 day moving average of $177.28 and a 200 day moving average of $156.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,213,510 shares of company stock valued at $5,505,798,456. Insiders own 12.30% of the company’s stock.

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.