Lockerman Financial Group Inc. Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Lockerman Financial Group Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,585 shares of the e-commerce giant’s stock after purchasing an additional 357 shares during the period. Lockerman Financial Group Inc.’s holdings in Amazon.com were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. McElhenny Sheffield Capital Management LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. Retirement Financial Solutions LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $32,000. Laurel Wealth Planning LLC increased its holdings in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the last quarter. Swaine & Leidel Wealth Services LLC bought a new position in shares of Amazon.com in the first quarter worth approximately $38,000. Finally, Cowa LLC bought a new position in shares of Amazon.com in the third quarter worth approximately $40,000. 57.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Barclays dropped their price target on shares of Amazon.com from $150.00 to $140.00 in a research report on Friday, April 28th. Wedbush upped their price target on shares of Amazon.com from $125.00 to $129.00 in a research report on Friday, April 28th. Morgan Stanley upped their price target on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Finally, DA Davidson upped their price target on shares of Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Three analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $143.12.

Amazon.com Stock Down 1.6 %

Shares of Amazon.com stock opened at $116.25 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The firm’s 50-day moving average is $103.63 and its two-hundred day moving average is $97.07. The stock has a market cap of $1.19 trillion, a price-to-earnings ratio of 276.79, a PEG ratio of 4.11 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the prior year, the business earned $0.21 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP David Zapolsky sold 6,704 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $636,276.64. Following the sale, the senior vice president now directly owns 87,036 shares in the company, valued at approximately $8,260,586.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold a total of 61,019 shares of company stock worth $6,053,511 in the last three months. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.