Lantz Financial LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Lantz Financial LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,975 shares of the e-commerce giant’s stock after buying an additional 596 shares during the quarter. Amazon.com comprises 1.6% of Lantz Financial LLC’s portfolio, making the stock its 13th biggest holding. Lantz Financial LLC’s holdings in Amazon.com were worth $5,703,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc boosted its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the 4th quarter worth approximately $35,000. Finally, Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 in the last ninety days. 9.70% of the stock is owned by insiders.

Amazon.com Trading Up 0.3%

AMZN opened at $217.61 on Wednesday. The firm has a market cap of $2.31 trillion, a price-to-earnings ratio of 39.35, a PEG ratio of 1.50 and a beta of 1.33. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a fifty day moving average price of $193.04 and a 200-day moving average price of $209.02.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the business earned $0.98 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMZN. Deutsche Bank Aktiengesellschaft dropped their target price on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. BNP Paribas upgraded Amazon.com to a “hold” rating in a report on Wednesday, April 30th. DA Davidson decreased their price target on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Finally, JMP Securities reissued a “market outperform” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $244.89.

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.