Leisure Capital Management Acquires 76 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Leisure Capital Management grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,709 shares of the e-commerce giant’s stock after purchasing an additional 76 shares during the period. Leisure Capital Management’s holdings in Amazon.com were worth $1,252,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Lazari Capital Management Inc. raised its position in Amazon.com by 6.8% during the fourth quarter. Lazari Capital Management Inc. now owns 80,233 shares of the e-commerce giant’s stock worth $17,602,000 after acquiring an additional 5,104 shares during the period. Fiduciary Planning LLC raised its position in shares of Amazon.com by 76.3% during the 4th quarter. Fiduciary Planning LLC now owns 15,674 shares of the e-commerce giant’s stock worth $3,439,000 after purchasing an additional 6,782 shares during the last quarter. Resonant Capital Advisors LLC lifted its stake in Amazon.com by 3.1% in the 4th quarter. Resonant Capital Advisors LLC now owns 44,799 shares of the e-commerce giant’s stock valued at $9,828,000 after buying an additional 1,340 shares in the last quarter. Panoramic Investment Advisors LLC boosted its holdings in Amazon.com by 8.6% in the 4th quarter. Panoramic Investment Advisors LLC now owns 6,835 shares of the e-commerce giant’s stock worth $1,500,000 after buying an additional 540 shares during the last quarter. Finally, Catalina Capital Group LLC increased its stake in Amazon.com by 4.5% during the 4th quarter. Catalina Capital Group LLC now owns 44,456 shares of the e-commerce giant’s stock worth $9,753,000 after buying an additional 1,910 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $214.35 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market cap of $2.27 trillion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The firm’s fifty day moving average price is $226.99 and its 200 day moving average price is $205.27. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMZN shares. Mizuho lifted their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Redburn Atlantic increased their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Bank of America boosted their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.65.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,149 shares of company stock worth $24,606,905. Company insiders own 10.80% of the company’s stock.

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.