Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Raised by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 873,878 shares of the e-commerce giant's stock after buying an additional 30,994 shares during the quarter. Amazon.com accounts for 1.6% of Johnson Investment Counsel Inc.'s investment portfolio, making the stock its 10th largest position. Johnson Investment Counsel Inc.'s holdings in Amazon.com were worth $166,264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Tallon Kerry Patrick acquired a new position in Amazon.com during the fourth quarter worth $800,000. Capital & Planning LLC boosted its stake in Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after buying an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC boosted its stake in Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after buying an additional 860 shares during the last quarter. Brighton Jones LLC boosted its stake in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Amazon.com during the fourth quarter worth $301,650,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.1%

Shares of AMZN traded down $0.28 on Thursday, reaching $222.26. The stock had a trading volume of 30,243,964 shares, compared to its average volume of 42,065,232. The firm has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a 50-day simple moving average of $209.20 and a 200-day simple moving average of $208.66. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results 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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Piper Sandler reissued an "overweight" rating and set a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Bank of America lifted their target price on Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. lifted their target price on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Roth Capital set a $250.00 target price on Amazon.com and gave the company a "buy" rating in a research report on Tuesday. Finally, JMP Securities lifted their target price on Amazon.com from $250.00 to $285.00 and gave the company a "market outperform" rating in a research report on Thursday. 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 company. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $248.24.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 384,124 shares of the company's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total value of $86,051,458.48. Following the completion of the transaction, the insider owned 901,995,325 shares of the company's stock, valued at $202,064,992,706.50. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president directly owned 47,030 shares of the company's stock, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. Company insiders own 9.70% of the company's stock.

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.