Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Blue Chip Partners LLC

Blue Chip Partners LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,414 shares of the e-commerce giant’s stock after acquiring an additional 6,444 shares during the quarter. Amazon.com accounts for approximately 2.4% of Blue Chip Partners LLC’s holdings, making the stock its 15th largest position. Blue Chip Partners LLC’s holdings in Amazon.com were worth $28,392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB boosted its stake in Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after acquiring an additional 811,425 shares during the period. Swedbank AB lifted its holdings in shares of Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after purchasing an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC acquired a new position in Amazon.com during the 3rd quarter valued at approximately $279,000. Ellsworth Advisors LLC grew its stake in Amazon.com by 8.5% during the 3rd quarter. Ellsworth Advisors LLC now owns 1,739 shares of the e-commerce giant’s stock worth $324,000 after buying an additional 136 shares during the last quarter. Finally, TruWealth Advisors LLC increased its position in Amazon.com by 0.6% in the third quarter. TruWealth Advisors LLC now owns 184,173 shares of the e-commerce giant’s stock worth $34,317,000 after buying an additional 1,080 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN opened at $195.74 on Tuesday. The company has a market capitalization of $2.07 trillion, a PE ratio of 35.40, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company’s 50 day moving average price is $221.02 and its 200 day moving average price is $207.92. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Loop Capital boosted their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Rosenblatt Securities upped their target price on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Robert W. Baird lifted their price target on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Finally, 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 note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com 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.