Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,286,279 shares of the e-commerce giant's stock after selling 585,444 shares during the period. Amazon.com comprises 5.6% of Montrusco Bolton Investments Inc.'s portfolio, making the stock its 3rd largest holding. Montrusco Bolton Investments Inc.'s holdings in Amazon.com were worth $422,609,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position 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 valued at $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC lifted its position in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE raised its position in Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after acquiring an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC bought a new position in Amazon.com in the fourth quarter worth approximately $2,153,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $0.05 during trading hours on Friday, hitting $231.03. 39,600,434 shares of the company were exchanged, compared to its average volume of 47,994,872. The stock has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company's 50 day moving average price is $221.41 and its 200-day moving average price is $208.44.

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, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company's stock, valued at approximately $111,114,850. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Cantor Fitzgerald increased their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Jefferies Financial Group increased their price target on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Benchmark reiterated a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Citizens Jmp started coverage on shares of Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating for the company. Finally, Evercore ISI reissued an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $262.87.

About Amazon.com

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.