Blue Zone Wealth Advisors LLC Acquires 507 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Blue Zone Wealth Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,817 shares of the e-commerce giant’s stock after purchasing an additional 507 shares during the quarter. Amazon.com accounts for approximately 1.8% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Blue Zone Wealth Advisors LLC’s holdings in Amazon.com were worth $6,103,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMZN. AMF Tjanstepension AB raised its position in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after acquiring an additional 811,425 shares in the last quarter. Swedbank AB raised its position in Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after acquiring an additional 183,610 shares in the last quarter. LaFleur & Godfrey LLC raised its position in Amazon.com by 38.8% during the third quarter. LaFleur & Godfrey LLC now owns 48,547 shares of the e-commerce giant’s stock worth $9,046,000 after acquiring an additional 13,560 shares in the last quarter. Indiana Trust & Investment Management Co raised its position in Amazon.com by 15.2% during the third quarter. Indiana Trust & Investment Management Co now owns 42,401 shares of the e-commerce giant’s stock worth $7,901,000 after acquiring an additional 5,600 shares in the last quarter. Finally, Amplius Wealth Advisors LLC raised its position in Amazon.com by 0.9% during the third quarter. Amplius Wealth Advisors LLC now owns 14,550 shares of the e-commerce giant’s stock worth $2,711,000 after acquiring an additional 132 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Citigroup reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Roth Mkm upped their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Wedbush reiterated an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Finally, Stifel Nicolaus upped their price objective on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 2.1 %

AMZN stock opened at $197.95 on Friday. The stock has a market capitalization of $2.10 trillion, a P/E ratio of 35.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a 50-day moving average price of $221.65 and a 200-day moving average price of $207.50.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.