Strategic Blueprint LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Strategic Blueprint LLC has increased its position in Amazon.com, Inc. by 3.2%, now owning 110,263 shares valued at approximately $20.98 million, making it the 13th largest position in their portfolio.
• Multiple hedge funds have recently altered their holdings in Amazon, with a significant 72.20% of the company's stock held by institutional investors.
• Wall Street analysts have generally maintained a positive outlook on Amazon, with an average target price now at $255.52 and a consensus rating of "Moderate Buy."

Strategic Blueprint LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,263 shares of the e-commerce giant's stock after purchasing an additional 3,462 shares during the period. Amazon.com makes up 1.1% of Strategic Blueprint LLC's holdings, making the stock its 13th largest position. Strategic Blueprint LLC's holdings in Amazon.com were worth $20,979,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Amazon.com in the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC grew its holdings in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors grew its holdings in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Vanguard Group Inc. grew its holdings in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Capital International Investors grew its holdings in Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $19.36 on Friday, hitting $214.75. The stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.74 and a beta of 1.31. The company's 50 day moving average price is $217.93 and its 200 day moving average price is $209.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 24.90% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the business earned $1.26 EPS. The business's quarterly revenue was up 13.3% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMZN. Robert W. Baird raised their price objective on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Benchmark restated a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Canaccord Genuity Group restated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday. Truist Financial raised their target price on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Rosenblatt Securities raised their target price on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $260.85.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 25,099,537 shares of company stock valued at $5,674,394,548. 9.70% of the stock is currently owned by insiders.

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.