Diversified Trust Co Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Diversified Trust Co grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,751 shares of the e-commerce giant's stock after purchasing an additional 6,727 shares during the quarter. Amazon.com makes up about 1.2% of Diversified Trust Co's portfolio, making the stock its 15th biggest holding. Diversified Trust Co's holdings in Amazon.com were worth $49,230,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMZN. Western Wealth Management LLC boosted its stake in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC raised its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares during the period. Bearing Point Capital LLC purchased a new stake in Amazon.com in the 4th quarter valued at about $12,014,000. Finally, Evergreen Capital Management LLC raised its holdings in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.0%

NASDAQ:AMZN opened at $226.13 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm 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. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The business has a 50 day simple moving average of $213.50 and a 200 day simple moving average of $208.59.

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

Analyst Ratings Changes

A number of analysts have issued reports on AMZN shares. Oppenheimer boosted their price target on shares of Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Mizuho lowered their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a "buy" rating in a report on Tuesday, July 8th. Morgan Stanley upped their price target on Amazon.com from $250.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, Stifel Nicolaus cut their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $250.35.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction 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 directly owned 514,550 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 733,195 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total value of $166,449,928.90. Following the transaction, the insider directly owned 894,546,706 shares in the company, 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. Over the last ninety days, insiders have sold 14,335,232 shares of company stock valued at $3,210,622,570. 9.70% of the stock is currently owned by company insiders.

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.

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