Hemenway Trust Co LLC Has $47.22 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hemenway Trust Co LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,165 shares of the e-commerce giant's stock after acquiring an additional 8,277 shares during the period. Amazon.com makes up about 3.8% of Hemenway Trust Co LLC's investment portfolio, making the stock its 8th biggest position. Hemenway Trust Co LLC's holdings in Amazon.com were worth $47,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Market Street Wealth Management Advisors LLC lifted its stake in Amazon.com by 17.7% in the 1st quarter. Market Street Wealth Management Advisors LLC now owns 6,552 shares of the e-commerce giant's stock valued at $1,247,000 after buying an additional 987 shares in the last quarter. Planning Center Inc. grew its holdings in Amazon.com by 12.1% during the 1st quarter. Planning Center Inc. now owns 10,432 shares of the e-commerce giant's stock valued at $1,985,000 after buying an additional 1,122 shares during the last quarter. GSB Wealth Management LLC grew its holdings in Amazon.com by 2.8% during the 1st quarter. GSB Wealth Management LLC now owns 11,165 shares of the e-commerce giant's stock valued at $2,124,000 after buying an additional 306 shares during the last quarter. Colorado Capital Management Inc. grew its holdings in Amazon.com by 9.4% during the 1st quarter. Colorado Capital Management Inc. now owns 5,656 shares of the e-commerce giant's stock valued at $1,076,000 after buying an additional 488 shares during the last quarter. Finally, Prosperity Wealth Management Inc. grew its holdings in Amazon.com by 7.0% during the 1st quarter. Prosperity Wealth Management Inc. now owns 24,095 shares of the e-commerce giant's stock valued at $4,584,000 after buying an additional 1,570 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 0.0%

Shares of AMZN traded up $0.06 during mid-day trading on Monday, hitting $223.47. 36,547,965 shares of the company's stock were exchanged, compared to its average volume of 42,009,887. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 1.68 and a beta of 1.33. The firm has a fifty day moving average of $206.44 and a two-hundred day moving average of $208.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. 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 issued its quarterly earnings data 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 firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions 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 shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,426,963 shares of company stock valued at $757,297,707 in the last three months. 9.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on AMZN. Royal Bank Of Canada lowered their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Raymond James Financial reiterated an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Stifel Nicolaus lowered their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Barclays reduced their price target on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.60.

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.