Lodestar Investment Counsel LLC IL Grows Stake in Amazon.com, Inc. (AMZN)

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Lodestar Investment Counsel LLC IL lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 60.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 959 shares of the e-commerce giant’s stock after buying an additional 362 shares during the period. Lodestar Investment Counsel LLC IL’s holdings in Amazon.com were worth $1,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Spence Asset Management lifted its position in Amazon.com by 127.3% during the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after purchasing an additional 14 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in Amazon.com by 112.5% during the fourth quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 18 shares in the last quarter. O Brien Wealth Partners LLC lifted its position in Amazon.com by 104.8% during the fourth quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock valued at $72,000 after purchasing an additional 22 shares in the last quarter. Cordasco Financial Network lifted its position in Amazon.com by 17.4% during the fourth quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock valued at $81,000 after purchasing an additional 8 shares in the last quarter. Finally, Spirit of America Management Corp NY purchased a new position in Amazon.com during the third quarter valued at $110,000. Hedge funds and other institutional investors own 56.11% of the company’s stock.

Shares of NASDAQ AMZN opened at $1,863.04 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,050.50. The company has a market cap of $906.88 billion, a price-to-earnings ratio of 92.50, a P/E/G ratio of 2.22 and a beta of 1.63.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.55 by $0.49. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. The company had revenue of $72.38 billion for the quarter, compared to analysts’ expectations of $71.73 billion. During the same period in the previous year, the firm posted $2.16 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 26.66 EPS for the current fiscal year.

In other Amazon.com news, Director Patricia Q. Stonesifer sold 1,375 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the sale, the director now directly owns 7,861 shares of the company’s stock, valued at $12,593,322. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,645 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $1,614.65, for a total value of $2,656,099.25. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $16,146,500. The disclosure for this sale can be found here. Insiders have sold 7,075 shares of company stock worth $11,802,708 over the last three months. 16.30% of the stock is currently owned by insiders.

Several equities analysts recently weighed in on the company. Societe Generale assumed coverage on Amazon.com in a research report on Monday, April 8th. They set a “buy” rating and a $2,370.00 target price on the stock. CIBC lifted their target price on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Oppenheimer raised their price target on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a report on Monday, April 1st. BidaskClub raised Amazon.com from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Evercore ISI started coverage on Amazon.com in a report on Wednesday, March 20th. They set an “outperform” rating and a $1,965.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $2,139.02.

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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.

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

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