Lantz Financial LLC Has $6.45 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Lantz Financial LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,379 shares of the e-commerce giant’s stock after purchasing an additional 778 shares during the period. Amazon.com comprises approximately 1.7% of Lantz Financial LLC’s investment portfolio, making the stock its 13th biggest position. Lantz Financial LLC’s holdings in Amazon.com were worth $6,445,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AMZN. Icon Wealth Advisors LLC boosted its position in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the last quarter. Hoese & Co LLP bought a new stake in Amazon.com during the third quarter valued at $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com during the 3rd quarter worth about $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com during the 3rd quarter worth about $56,000. Finally, Harbor Investment Advisory LLC boosted its position in shares of Amazon.com by 1.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after purchasing an additional 3,055 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,850 shares of company stock worth $6,168,581. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMZN shares. Maxim Group increased their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of Amazon.com from $212.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Barclays increased their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. TD Cowen increased their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group increased their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Trading Down 1.6 %

NASDAQ:AMZN opened at $228.93 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.43 trillion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The firm’s 50 day moving average is $227.77 and its 200 day moving average is $201.59. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Sell-side analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

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.