Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Blue Square Asset Management LLC

Key Points

• Blue Square Asset Management LLC increased its stake in Amazon.com by 16.5%, owning a total of 27,221 shares worth approximately $5.18 million.
• Amazon reported earnings of $1.68 per share for the last quarter, surpassing analyst expectations of $1.31, with a revenue of $167.70 billion.
• Analysts have shown confidence in Amazon's growth, with multiple firms upgrading their price targets, some reaching as high as $305.

Blue Square Asset Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,221 shares of the e-commerce giant's stock after purchasing an additional 3,855 shares during the quarter. Amazon.com comprises 2.8% of Blue Square Asset Management LLC's portfolio, making the stock its 10th largest holding. Blue Square Asset Management LLC's holdings in Amazon.com were worth $5,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. FMR LLC boosted its holdings in Amazon.com by 0.5% during 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 grew its position in 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 acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Amazon.com by 2.3% during the 4th 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 in the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $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 stock traded down $0.44 during trading on Friday, hitting $222.69. The company had a trading volume of 32,911,537 shares, compared to its average volume of 47,624,592. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock's 50-day moving average price is $219.65 and its 200 day moving average price is $208.98.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the prior year, the company posted $1.26 EPS. The company's revenue was up 13.3% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the transaction, the chief executive officer directly owned 512,050 shares of the company's stock, valued at $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,102,037 shares of company stock worth $5,674,937,048 over the last quarter. Corporate insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Telsey Advisory Group increased their target price on Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a research note on Friday, June 27th. Susquehanna increased their price target on shares of Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Tigress Financial upped their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $262.45.

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.