Lakeridge Wealth Management LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Lakeridge Wealth Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,975 shares of the e-commerce giant’s stock after buying an additional 73 shares during the period. Amazon.com comprises 1.2% of Lakeridge Wealth Management LLC’s portfolio, making the stock its 17th largest holding. Lakeridge Wealth Management LLC’s holdings in Amazon.com were worth $2,408,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Accordant Advisory Group Inc boosted its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Quattro Financial Advisors LLC boosted its position in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares during the last quarter. Bull Oak Capital LLC bought a new position in shares of Amazon.com during the third quarter worth $45,000. Iron Horse Wealth Management LLC boosted its position in shares of Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after acquiring an additional 112 shares during the last quarter. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com during the third quarter worth $56,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock valued at $22,871,828 over the last 90 days. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMZN shares. Telsey Advisory Group restated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Sanford C. Bernstein increased their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. JMP Securities reiterated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Stifel Nicolaus increased their price objective on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Barclays increased their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. 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. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Performance

AMZN opened at $197.95 on Friday. The stock has a market cap of $2.10 trillion, a PE ratio of 35.80, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock’s 50 day simple moving average is $221.65 and its 200-day simple moving average is $207.50.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.