Blue Capital Inc. Acquires New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Blue Capital Inc. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,611 shares of the e-commerce giant's stock, valued at approximately $3,644,000. Amazon.com accounts for approximately 2.6% of Blue Capital Inc.'s portfolio, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in 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 valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. FMR LLC increased its holdings in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the period. Finally, Norges Bank bought a new position in shares of Amazon.com during the 4th quarter valued at about $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

NASDAQ AMZN traded up $3.54 during midday trading on Tuesday, hitting $204.53. The company had a trading volume of 6,249,146 shares, compared to its average volume of 41,886,415. The firm has a 50-day moving average price of $190.16 and a 200-day moving average price of $208.75. The company has a market capitalization of $2.17 trillion, a PE ratio of 37.06, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMZN. Rosenblatt Securities increased their target price on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Wells Fargo & Company reduced their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. Tigress Financial boosted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Scotiabank cut their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Finally, Citigroup reiterated an "outperform" rating on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $244.09.

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.