Blue Trust Inc. Buys 29,748 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Blue Trust Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 34.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,461 shares of the e-commerce giant's stock after purchasing an additional 29,748 shares during the period. Blue Trust Inc.'s holdings in Amazon.com were worth $25,331,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC increased its position in shares of Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares in the last quarter. Parnassus Investments LLC increased its holdings in Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares in the last quarter. State Street Corp raised its stake in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Amazon.com during the third quarter worth about $492,144,000. Institutional investors and hedge funds own 72.20% of the company's stock.
A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $270.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Wedbush reiterated an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Finally, Canaccord Genuity Group increased their price objective on shares of Amazon.com from $265.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $260.74.
Check Out Our Latest Research Report on Amazon.com
In related news, CEO Matthew S. Garman sold 15,260 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company's stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,848 shares of company stock worth $11,368,639. Corporate insiders own 10.80% of the company's stock.
Shares of NASDAQ AMZN opened at $228.68 on Friday. The stock has a market capitalization of $2.40 trillion, a PE ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business has a fifty day moving average price of $228.21 and a two-hundred day moving average price of $202.30.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, equities analysts predict that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.
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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