Amazon.com, Inc. (NASDAQ:AMZN) is Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's 7th Largest Position

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,200,236 shares of the e-commerce giant's stock after selling 6,596 shares during the period. Amazon.com accounts for about 3.8% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's investment portfolio, making the stock its 7th biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Amazon.com were worth $397,363,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the 4th quarter worth approximately $25,000. 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 stake in Amazon.com during the 4th quarter valued at $35,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $40,000. Finally, Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% during 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 Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares of the company's stock, valued at $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 733,195 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the completion of the sale, the insider directly owned 894,546,706 shares of the company's stock, valued at $203,079,993,196.12. The trade was a 0.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,335,232 shares of company stock valued at $3,210,622,570 over the last ninety days. 9.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMZN. UBS Group reissued a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their target price on Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, Mizuho cut their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.35.

Amazon.com Price Performance

NASDAQ:AMZN opened at $226.13 on Friday. The stock's fifty day moving average is $213.50 and its two-hundred day moving average is $208.59. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.40 trillion, a P/E ratio of 36.83, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the company posted $0.98 EPS. Amazon.com's revenue was up 8.6% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.