Lane Brothers & Co. Inc. Purchases Shares of 3,595 Amazon.com, Inc. $AMZN

Key Points

• Lane Brothers & Co. Inc. opened a new position in Amazon during the fourth quarter, buying 3,595 shares valued at about $830,000.
• Institutional interest in Amazon remains strong, with several large investors boosting holdings and 72.20% of the stock now owned by hedge funds and other institutions.
• Amazon’s recent earnings topped expectations, and analysts remain bullish overall with a Moderate Buy consensus and an average price target of $312.78.

Lane Brothers & Co. Inc. acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,595 shares of the e-commerce giant's stock, valued at approximately $830,000.

Other institutional investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of Amazon.com in the third quarter valued at about $451,642,000. Narwhal Capital Management raised its position in shares of Amazon.com by 2.3% during the 4th quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant's stock worth $49,997,000 after purchasing an additional 4,854 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Amazon.com by 21.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant's stock valued at $5,690,463,000 after buying an additional 4,275,942 shares in the last quarter. Weaver Capital Management LLC boosted its holdings in Amazon.com by 13.6% in the 4th quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock worth $9,063,000 after buying an additional 4,713 shares during the last quarter. Finally, Ethos Financial Group LLC increased its stake in Amazon.com by 9.6% during the 4th quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant's stock worth $8,421,000 after buying an additional 3,196 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Matthew S. Garman sold 15,467 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the sale, the chief executive officer owned 14,159 shares of the company's stock, valued at approximately $3,729,480.60. This represents a 52.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the sale, the chief executive officer owned 471,361 shares of the company's stock, valued at approximately $129,624,275. The trade was a 5.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 195,774 shares of company stock worth $51,614,434. 8.90% of the stock is owned by insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $232.79 on Tuesday. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The stock has a market cap of $2.50 trillion, a PE ratio of 27.85, a P/E/G ratio of 1.83 and a beta of 1.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The stock has a 50 day moving average price of $256.49 and a 200 day moving average price of $234.11.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $1.15. The company had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on AMZN. Barclays reissued an "overweight" rating on shares of Amazon.com in a report on Tuesday, June 9th. Citizens Jmp reiterated a "market outperform" rating and set a $315.00 price target on shares of Amazon.com in a research report on Friday, April 10th. Mizuho increased their price objective on Amazon.com from $315.00 to $325.00 and gave the company an "outperform" rating in a research note on Tuesday, April 28th. Maxim Group increased their price objective on Amazon.com from $290.00 to $315.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $290.00 to $315.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $312.78.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Prime Day is about to begin, and analysts expect record online spending, which could give Amazon a short-term sales boost and improve sentiment around retail demand. Reuters: Amazon Prime Day to gauge US consumer strain as focus shifts to basics
• Positive Sentiment: Amazon is expanding its AI strategy with new shopping tools, Alexa+ testing in India, and continued AWS adoption, reinforcing the bull case that AI and cloud growth can drive future earnings. TechCrunch: Amazon is testing Alexa+ in India with Hindi support
• Positive Sentiment: Appaloosa’s latest filing showed David Tepper nearly doubled Amazon holdings, a sentiment signal that some large investors still see upside in AMZN. 247WallSt: David Tepper Trimmed Nvidia and AMD, but Doubled Down on This AI Stock
• Neutral Sentiment: Several articles argued Amazon remains a high-quality long-term stock and may be undervalued after its recent pullback, but these are mostly opinion pieces rather than fresh company-specific catalysts. Yahoo Finance: Amazon (AMZN): The Best High Quality Stock to Buy for the Long Term
• Neutral Sentiment: Amazon MGM Studios backed away from a Sam Altman/OpenAI film, which looks more like a content-strategy decision than a meaningful stock driver. GeekWire: Amazon MGM Studios drops film about Sam Altman months after tech giant's OpenAI deal
• Negative Sentiment: Investors are still worried about heavy AI infrastructure spending across hyperscalers, and AMZN has been trading with that group as the market questions near-term returns on capex. 247WallSt: Alphabet Sinks 6%, Amazon Slides 4% Amid AI CapEx Anxiety Across the Hyperscalers
• Negative Sentiment: One concern heading into Prime Day is that nearly everyone who wants Prime already has it, limiting membership-growth upside from the event. Business Insider: Amazon's Prime Day has a problem: Almost everyone has Prime already

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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