Boltwood Capital Management Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Boltwood Capital Management lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,702 shares of the e-commerce giant’s stock after acquiring an additional 801 shares during the period. Boltwood Capital Management’s holdings in Amazon.com were worth $2,739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. raised its position in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Swedbank AB bought a new position in shares of Amazon.com during the 1st quarter valued at approximately $2,239,757,000. Capital World Investors raised its holdings in Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after buying an additional 11,524,463 shares during the period. Capital Research Global Investors boosted its stake in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Finally, Strategic Financial Concepts LLC increased its position in Amazon.com by 13,606.7% during the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after acquiring an additional 3,903,889 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.0 %

Shares of AMZN stock opened at $192.73 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $131.71 and a fifty-two week high of $201.20. The firm has a market capitalization of $2.02 trillion, a PE ratio of 46.11, a P/E/G ratio of 1.38 and a beta of 1.14. The stock’s 50-day simple moving average is $184.20 and its 200-day simple moving average is $183.64.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,855 shares of company stock valued at $9,215,048 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMZN. The Goldman Sachs Group lowered their target price on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Pivotal Research began coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. Scotiabank initiated coverage on Amazon.com in a report on Friday, October 11th. They issued a “sector outperform” rating and a $245.00 price target on the stock. Morgan Stanley reissued an “overweight” rating and set a $210.00 price target on shares of Amazon.com in a research note on Thursday, October 3rd. Finally, Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $236.76.

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.