Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,817 shares of the e-commerce giant’s stock after selling 1,803 shares during the quarter. Amazon.com accounts for 1.0% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 17th biggest position. Stanley Laman Group Ltd.’s holdings in Amazon.com were worth $7,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. AMF Tjanstepension AB lifted its stake in shares of Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after acquiring an additional 811,425 shares in the last quarter. Capricorn Fund Managers Ltd lifted its stake in shares of Amazon.com by 12.0% in the third quarter. Capricorn Fund Managers Ltd now owns 21,714 shares of the e-commerce giant’s stock worth $4,046,000 after acquiring an additional 2,330 shares in the last quarter. Smith Chas P & Associates PA Cpas lifted its stake in shares of Amazon.com by 0.5% in the third quarter. Smith Chas P & Associates PA Cpas now owns 24,793 shares of the e-commerce giant’s stock worth $4,620,000 after acquiring an additional 116 shares in the last quarter. Woodstock Corp lifted its stake in shares of Amazon.com by 6.2% in the third quarter. Woodstock Corp now owns 27,387 shares of the e-commerce giant’s stock worth $5,103,000 after acquiring an additional 1,602 shares in the last quarter. Finally, Orca Investment Management LLC lifted its stake in shares of Amazon.com by 6.1% in the third quarter. Orca Investment Management LLC now owns 8,071 shares of the e-commerce giant’s stock worth $1,504,000 after acquiring an additional 461 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $196.59 on Wednesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a fifty day moving average of $223.12 and a 200-day moving average of $207.25. The company has a market capitalization of $2.08 trillion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

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

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,298 shares of company stock worth $22,871,828. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on AMZN shares. Wells Fargo & Company cut their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Morgan Stanley boosted their price target on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Jefferies Financial Group boosted their price target on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Mizuho boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Moffett Nathanson boosted their price objective on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Company 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.