11,649 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Leibman Financial Services Inc.

Leibman Financial Services Inc. bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,649 shares of the e-commerce giant’s stock, valued at approximately $2,556,000. Amazon.com accounts for approximately 1.9% of Leibman Financial Services Inc.’s investment portfolio, making the stock its 25th largest holding.

Several other hedge funds also recently modified their holdings of the business. Heritage Family Offices LLP bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $206,000. Abacus Planning Group Inc. increased its stake in Amazon.com by 0.7% in the second quarter. Abacus Planning Group Inc. now owns 129,352 shares of the e-commerce giant’s stock valued at $24,997,000 after purchasing an additional 910 shares in the last quarter. Sabal Trust CO raised its holdings in Amazon.com by 3.0% in the second quarter. Sabal Trust CO now owns 38,011 shares of the e-commerce giant’s stock worth $7,346,000 after purchasing an additional 1,106 shares during the period. Cadinha & Co. LLC boosted its position in shares of Amazon.com by 726.5% during the second quarter. Cadinha & Co. LLC now owns 81,368 shares of the e-commerce giant’s stock worth $15,724,000 after purchasing an additional 71,523 shares in the last quarter. Finally, United Capital Management of KS Inc. grew its holdings in shares of Amazon.com by 1.6% in the 2nd quarter. United Capital Management of KS Inc. now owns 86,517 shares of the e-commerce giant’s stock valued at $16,719,000 after buying an additional 1,388 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $234.85 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $236.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm’s 50-day simple moving average is $219.63 and its 200 day simple moving average is $197.22. The firm has a market cap of $2.47 trillion, a price-to-earnings ratio of 50.29, a P/E/G ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Tigress Financial boosted their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Evercore ISI increased their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Piper Sandler lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Morgan Stanley increased their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Susquehanna boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.02.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

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.