Douglas Lane & Associates LLC Has $48.83 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Douglas Lane & Associates LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 256,649 shares of the e-commerce giant's stock after acquiring an additional 7,374 shares during the quarter. Douglas Lane & Associates LLC's holdings in Amazon.com were worth $48,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Norges Bank purchased a new position in shares of Amazon.com during the 4th quarter worth $27,266,582,000. GAMMA Investing LLC increased its stake in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors lifted its position in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the period. Vanguard Group Inc. boosted its position in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

AMZN stock traded down $1.14 during mid-day trading on Friday, reaching $212.10. The company had a trading volume of 29,295,190 shares, compared to its average volume of 42,102,749. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 38.35, a P/E/G ratio of 1.50 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock's 50-day simple moving average is $194.64 and its two-hundred day simple moving average is $209.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the firm posted $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. BNP Paribas upgraded Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Scotiabank reduced their price target on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Westpark Capital reiterated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Cantor Fitzgerald raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four investment 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, the company has an average rating of "Moderate Buy" and an average price target of $244.89.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the sale, the chief executive officer now owns 517,050 shares of the company's stock, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer now directly owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is currently owned by corporate insiders.

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.