Alan B Lancz & Associates Inc. Has $1.88 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Alan B Lancz & Associates Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,854 shares of the e-commerce giant’s stock after selling 740 shares during the period. Amazon.com makes up approximately 2.0% of Alan B Lancz & Associates Inc.’s holdings, making the stock its 11th biggest holding. Alan B Lancz & Associates Inc.’s holdings in Amazon.com were worth $1,875,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. FMR LLC raised its stake in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the period. Finally, Norges Bank bought a new position in shares of Amazon.com during the fourth quarter worth about $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on AMZN shares. Pivotal Research boosted their target price on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 1st. UBS Group reissued a “buy” rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Bank of America increased their target price on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Citizens Jmp started coverage on shares of Amazon.com in a research note on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $262.45.

Amazon.com Stock Up 3.9%

AMZN opened at $222.19 on Thursday. The stock has a fifty day moving average of $218.92 and a 200-day moving average of $209.05. The company has a market capitalization of $2.37 trillion, a P/E ratio of 33.87, a P/E/G ratio of 1.44 and a beta of 1.31. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.26 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 25,102,037 shares of company stock worth $5,674,937,048 over the last quarter. 9.70% of the stock is currently owned by company insiders.

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.