Blue Investment Partners LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Blue Investment Partners LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 109,261 shares of the e-commerce giant’s stock after acquiring an additional 9,298 shares during the quarter. Amazon.com accounts for approximately 8.4% of Blue Investment Partners LLC’s holdings, making the stock its 2nd largest holding. Blue Investment Partners LLC’s holdings in Amazon.com were worth $20,359,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its holdings in Amazon.com by 2.9% in the third quarter. The Manufacturers Life Insurance Company now owns 19,043,336 shares of the e-commerce giant’s stock worth $3,548,370,000 after acquiring an additional 533,975 shares in the last quarter. Acorn Wealth Advisors LLC raised its stake in shares of Amazon.com by 21.3% in the third quarter. Acorn Wealth Advisors LLC now owns 7,019 shares of the e-commerce giant’s stock worth $1,308,000 after purchasing an additional 1,233 shares during the last quarter. Bowie Capital Management LLC raised its stake in shares of Amazon.com by 28.6% in the third quarter. Bowie Capital Management LLC now owns 465,903 shares of the e-commerce giant’s stock worth $86,812,000 after purchasing an additional 103,753 shares during the last quarter. Wiser Advisor Group LLC raised its stake in shares of Amazon.com by 0.8% in the third quarter. Wiser Advisor Group LLC now owns 12,374 shares of the e-commerce giant’s stock worth $2,306,000 after purchasing an additional 97 shares during the last quarter. Finally, Associated Banc Corp raised its stake in shares of Amazon.com by 0.3% in the third quarter. Associated Banc Corp now owns 525,380 shares of the e-commerce giant’s stock worth $97,894,000 after purchasing an additional 1,552 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $224.19 on Monday. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The business’s fifty day simple moving average is $213.07 and its 200-day simple moving average is $194.21. The firm has a market cap of $2.36 trillion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on AMZN. Mizuho lifted their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Moffett Nathanson lifted their price target on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JMP Securities reiterated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Monday, December 16th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research report on Tuesday, December 10th. Finally, Wolfe Research lifted their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $243.44.

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.