Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Blodgett Wealth Advisors LLC
Blodgett Wealth Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 40.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,922 shares of the e-commerce giant's stock after purchasing an additional 12,366 shares during the period. Amazon.com accounts for about 7.0% of Blodgett Wealth Advisors LLC's holdings, making the stock its 5th biggest position. Blodgett Wealth Advisors LLC's holdings in Amazon.com were worth $8,166,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. lifted its position 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 acquiring an additional 17,635,391 shares during the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company's stock.
Several research analysts have commented on AMZN shares. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Citigroup reiterated a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Morgan Stanley lowered their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday. Finally, Citizens Jmp reduced their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $245.81.
View Our Latest Report on AMZN
Amazon.com stock opened at $219.39 on Tuesday. The firm has a market capitalization of $2.33 trillion, a PE ratio of 35.73, a P/E/G ratio of 1.68 and a beta of 1.34. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm's 50-day simple moving average is $203.30 and its 200 day simple moving average is $208.67. 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 (NASDAQ:AMZN - Get Free Report) last announced its 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company 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 posted $0.98 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
In other news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on 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 sale, the senior vice president directly owned 47,030 shares in the company, valued at $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the sale, the chief executive officer owned 517,050 shares of the company's stock, valued at approximately $105,984,909. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,061,100 in the last quarter. Insiders own 10.80% of the company's stock.
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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