Stanley Laman Group Ltd. Purchases 930 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Stanley Laman Group Ltd. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.2% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 10,044 shares of the e-commerce giant’s stock after buying an additional 930 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Amazon.com were worth $1,941,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new position in Amazon.com in the 4th quarter worth approximately $17,700,551,000. Vanguard Group Inc. grew its stake in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares in the last quarter. Swedbank AB bought a new stake in Amazon.com in the 1st quarter valued at $2,239,757,000. Capital World Investors lifted its stake in Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.3 %

AMZN stock opened at $176.25 on Wednesday. The firm’s fifty day moving average is $182.34 and its 200 day moving average is $181.26. The firm has a market cap of $1.83 trillion, a PE ratio of 49.37, a P/E/G ratio of 1.34 and a beta of 1.15. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. On average, research analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JMP Securities raised their price target on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a report on Tuesday. Wolfe Research started coverage on shares of Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target on the stock. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. The Goldman Sachs Group reduced their target price on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Maxim Group increased their price target on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $222.31.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is owned by corporate insiders.

Amazon.com 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.