Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Raised by Lantz Financial LLC

Lantz Financial LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,947 shares of the e-commerce giant’s stock after purchasing an additional 128 shares during the quarter. Amazon.com comprises about 1.6% of Lantz Financial LLC’s investment portfolio, making the stock its 8th largest position. Lantz Financial LLC’s holdings in Amazon.com were worth $5,041,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Dorsey & Whitney Trust CO LLC raised its stake in shares of Amazon.com by 3.2% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 142,578 shares of the e-commerce giant’s stock valued at $18,125,000 after acquiring an additional 4,387 shares during the period. Spire Wealth Management raised its stake in shares of Amazon.com by 4.0% in the third quarter. Spire Wealth Management now owns 359,675 shares of the e-commerce giant’s stock valued at $45,722,000 after acquiring an additional 13,880 shares during the period. Fort Sheridan Advisors LLC raised its stake in shares of Amazon.com by 2.6% in the third quarter. Fort Sheridan Advisors LLC now owns 77,519 shares of the e-commerce giant’s stock valued at $9,854,000 after acquiring an additional 1,942 shares during the period. tru Independence LLC raised its stake in shares of Amazon.com by 7.2% in the third quarter. tru Independence LLC now owns 2,893 shares of the e-commerce giant’s stock valued at $368,000 after acquiring an additional 195 shares during the period. Finally, Costello Asset Management INC raised its stake in shares of Amazon.com by 1,460.6% in the third quarter. Costello Asset Management INC now owns 23,565 shares of the e-commerce giant’s stock valued at $2,996,000 after acquiring an additional 22,055 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the sale, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock valued at $11,894,344 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $189.08 on Friday. The firm has a market capitalization of $1.97 trillion, a P/E ratio of 52.96, a PEG ratio of 1.33 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average price of $182.78 and a 200 day moving average price of $171.54. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $191.70.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $0.31 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMZN. Needham & Company LLC reissued a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a research note on Wednesday, May 15th. Oppenheimer raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. UBS Group raised their price target on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and a consensus price target of $215.37.

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.