Stanley Laman Group Ltd. Has $6.64 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Stanley Laman Group Ltd. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 254.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,620 shares of the e-commerce giant’s stock after buying an additional 25,576 shares during the quarter. Amazon.com comprises approximately 0.9% of Stanley Laman Group Ltd.’s portfolio, making the stock its 17th largest holding. Stanley Laman Group Ltd.’s holdings in Amazon.com were worth $6,637,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Westhampton Capital LLC lifted its stake in shares of Amazon.com by 5.0% in the third quarter. Westhampton Capital LLC now owns 5,685 shares of the e-commerce giant’s stock worth $1,059,000 after buying an additional 270 shares during the last quarter. Pictet North America Advisors SA lifted its stake in shares of Amazon.com by 0.7% in the third quarter. Pictet North America Advisors SA now owns 156,492 shares of the e-commerce giant’s stock worth $29,159,000 after buying an additional 1,069 shares during the last quarter. Symphony Financial Ltd. Co. lifted its stake in shares of Amazon.com by 8.9% in the third quarter. Symphony Financial Ltd. Co. now owns 78,424 shares of the e-commerce giant’s stock worth $14,687,000 after buying an additional 6,426 shares during the last quarter. Waldron Private Wealth LLC lifted its stake in shares of Amazon.com by 2.7% in the third quarter. Waldron Private Wealth LLC now owns 92,803 shares of the e-commerce giant’s stock worth $17,292,000 after buying an additional 2,480 shares during the last quarter. Finally, Pegasus Asset Management Inc. lifted its stake in shares of Amazon.com by 1.2% in the third quarter. Pegasus Asset Management Inc. now owns 37,036 shares of the e-commerce giant’s stock worth $6,901,000 after buying an additional 447 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMZN. Susquehanna boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Oppenheimer boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. JMP Securities boosted their target price on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus boosted their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $235.77.

Amazon.com Price Performance

Shares of AMZN opened at $197.12 on Monday. The stock has a market capitalization of $2.07 trillion, a P/E ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The company has a 50 day moving average of $193.00 and a 200-day moving average of $186.29. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,011,423 shares of company stock valued at $1,249,093,896 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

About Amazon.com

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.