Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Lafayette Investments Inc.

Lafayette Investments Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187 shares of the e-commerce giant’s stock after acquiring an additional 10 shares during the period. Lafayette Investments Inc.’s holdings in Amazon.com were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cerebellum GP LLC boosted its holdings in Amazon.com by 18.0% during the 3rd quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock valued at $69,000 after acquiring an additional 9 shares during the period. AMI Investment Management Inc. boosted its holdings in Amazon.com by 13.8% during the 3rd quarter. AMI Investment Management Inc. now owns 322 shares of the e-commerce giant’s stock valued at $559,000 after acquiring an additional 39 shares during the period. Osborn Williams & Donohoe LLC boosted its holdings in Amazon.com by 0.9% during the 3rd quarter. Osborn Williams & Donohoe LLC now owns 5,044 shares of the e-commerce giant’s stock valued at $8,756,000 after acquiring an additional 47 shares during the period. Strategic Blueprint LLC boosted its holdings in Amazon.com by 14.1% during the 3rd quarter. Strategic Blueprint LLC now owns 2,892 shares of the e-commerce giant’s stock valued at $5,019,000 after acquiring an additional 358 shares during the period. Finally, Advisor Partners LLC boosted its holdings in Amazon.com by 6.6% during the 3rd quarter. Advisor Partners LLC now owns 11,417 shares of the e-commerce giant’s stock valued at $19,819,000 after acquiring an additional 711 shares during the period. 56.42% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Jeffrey A. Wilke sold 200 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $1,865.34, for a total value of $373,068.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $18,653,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $1,748.04, for a total value of $1,748,040.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $17,480,400. The disclosure for this sale can be found here. Insiders sold a total of 716,969 shares of company stock valued at $1,465,051,075 in the last three months. Corporate insiders own 16.10% of the company’s stock.

Several equities research analysts recently weighed in on the company. Robert W. Baird increased their target price on Amazon.com from $2,080.00 to $2,275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. KeyCorp increased their target price on Amazon.com from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Sanford C. Bernstein assumed coverage on Amazon.com in a report on Thursday, January 9th. They set a “market perform” rating and a $2,050.00 target price for the company. ValuEngine upgraded Amazon.com from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Finally, SunTrust Banks restated a “buy” rating and set a $2,450.00 target price on shares of Amazon.com in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $2,319.76.

Shares of NASDAQ:AMZN opened at $2,134.87 on Friday. Amazon.com, Inc. has a 52-week low of $1,586.57 and a 52-week high of $2,185.95. The firm has a market capitalization of $1,062.76 billion, a P/E ratio of 92.78, a P/E/G ratio of 2.89 and a beta of 1.58. The stock has a 50 day moving average price of $1,928.31 and a 200-day moving average price of $1,817.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, January 30th. The e-commerce giant reported $6.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $2.49. Amazon.com had a return on equity of 21.07% and a net margin of 4.13%. The firm had revenue of $87.44 billion during the quarter, compared to analyst estimates of $86.09 billion. During the same quarter in the prior year, the company earned $6.04 EPS. The business’s revenue was up 20.8% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post 27.57 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

Further Reading: Dividend Reinvestment Plan (DRIP)

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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