Stanley Laman Group Ltd. Sells 7,950 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Stanley Laman Group Ltd. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 23.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,867 shares of the e-commerce giant's stock after selling 7,950 shares during the period. Stanley Laman Group Ltd.'s holdings in Amazon.com were worth $4,921,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in AMZN. Sound Stewardship LLC grew its holdings in Amazon.com by 15.6% in the 1st quarter. Sound Stewardship LLC now owns 1,203 shares of the e-commerce giant's stock valued at $229,000 after buying an additional 162 shares during the last quarter. Everhart Financial Group Inc. boosted its position in shares of Amazon.com by 7.2% in the first quarter. Everhart Financial Group Inc. now owns 56,870 shares of the e-commerce giant's stock valued at $10,820,000 after acquiring an additional 3,813 shares during the period. Puff Wealth Management LLC grew its stake in shares of Amazon.com by 1.7% in the first quarter. Puff Wealth Management LLC now owns 10,711 shares of the e-commerce giant's stock worth $2,038,000 after acquiring an additional 174 shares during the last quarter. Hilltop Wealth Advisors LLC increased its position in Amazon.com by 63.7% during the first quarter. Hilltop Wealth Advisors LLC now owns 2,427 shares of the e-commerce giant's stock worth $462,000 after acquiring an additional 944 shares during the period. Finally, Lynch Asset Management Inc. raised its stake in Amazon.com by 0.6% during the 1st quarter. Lynch Asset Management Inc. now owns 42,150 shares of the e-commerce giant's stock valued at $8,019,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president owned 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 over the last ninety days. Company insiders own 10.80% of the company's stock.

Amazon.com Trading Down 1.8%

Shares of NASDAQ:AMZN traded down $3.91 during midday trading on Monday, hitting $219.39. The company had a trading volume of 58,777,531 shares, compared to its average volume of 42,089,135. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a fifty day simple moving average of $202.26 and a 200 day simple moving average of $208.72. The stock has a market cap of $2.33 trillion, a price-to-earnings ratio of 35.73, a PEG ratio of 1.68 and a beta of 1.34.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Rosenblatt Securities raised their price target on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Royal Bank Of Canada reduced their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Benchmark reaffirmed a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, Citizens Jmp decreased their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $245.81.

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.