Greenleaf Trust Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Greenleaf Trust increased its holdings in Amazon.com, Inc. by 0.5%, now owning 509,088 shares valued at approximately $96.9 million.
• Wall Street analysts remain optimistic, with 47 analysts giving Amazon a buy rating and a consensus target price of $262.45.
• Insider Jeffrey P. Bezos sold over 4 million shares for nearly $961 million, yet still retains a substantial shareholding valued at over $201 billion.

Greenleaf Trust grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 509,088 shares of the e-commerce giant's stock after purchasing an additional 2,381 shares during the period. Amazon.com comprises about 0.9% of Greenleaf Trust's investment portfolio, making the stock its 8th biggest position. Greenleaf Trust's holdings in Amazon.com were worth $96,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake 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. FMR LLC increased its stake in Amazon.com by 0.5% in the fourth 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 in the last quarter. Geode Capital Management LLC boosted 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 buying an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after buying an additional 4,087,933 shares during the period. Finally, Norges Bank acquired a new position in Amazon.com during the fourth quarter worth $27,266,582,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of AMZN traded up $3.07 during midday trading on Tuesday, hitting $214.72. 12,112,218 shares of the company traded hands, compared to its average volume of 44,828,645. The stock has a 50-day moving average of $218.42 and a 200-day moving average of $208.93. Amazon.com, Inc. has a one year low of $158.54 and a one year high of $242.52. The firm has a market cap of $2.28 trillion, a P/E ratio of 32.85, a PEG ratio of 1.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations 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 in the prior year, the business earned $1.26 earnings per share. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on AMZN. Royal Bank Of Canada upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday. Needham & Company LLC reissued a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a report on Friday. Moffett Nathanson raised their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Mizuho reduced their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Barclays lifted their target price on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $262.45.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

About Amazon.com

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.