Blue Trust Inc. Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Blue Trust Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 70,596 shares of the e-commerce giant's stock after purchasing an additional 5,894 shares during the quarter. Blue Trust Inc.'s holdings in Amazon.com were worth $13,432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tallon Kerry Patrick bought a new stake in Amazon.com in the 4th quarter valued at $800,000. Capital & Planning LLC raised its stake in Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after acquiring an additional 1,635 shares during the period. LaFleur & Godfrey LLC raised its stake in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after acquiring an additional 860 shares during the period. Brighton Jones LLC raised its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after acquiring an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in Amazon.com in the 4th quarter valued at $301,650,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the sale, the senior vice president owned 47,030 shares in the company, valued at $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer owned 514,550 shares in the company, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,426,963 shares of company stock valued at $757,297,707 over the last quarter. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. Moffett Nathanson upped their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. The Goldman Sachs Group dropped their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley cut their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, Rosenblatt Securities upped their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $246.41.

Amazon.com Price Performance

NASDAQ AMZN traded down $4.11 on Tuesday, reaching $219.36. 45,528,040 shares of the company's stock traded hands, compared to its average volume of 42,024,399. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a 50-day simple moving average of $207.16 and a 200 day simple moving average of $208.51. The stock has a market cap of $2.33 trillion, a PE ratio of 35.73, a P/E/G ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share 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.