Montrusco Bolton Investments Inc. Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Montrusco Bolton Investments Inc. cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,871,723 shares of the e-commerce giant’s stock after selling 273,055 shares during the period. Amazon.com accounts for approximately 7.4% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 3rd biggest holding. Montrusco Bolton Investments Inc.’s holdings in Amazon.com were worth $613,809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nvest Financial LLC lifted its holdings in shares of Amazon.com by 4.2% in the fourth quarter. Nvest Financial LLC now owns 24,793 shares of the e-commerce giant’s stock valued at $5,439,000 after purchasing an additional 1,004 shares in the last quarter. Smith Group Asset Management LLC raised its position in Amazon.com by 0.5% in the fourth quarter. Smith Group Asset Management LLC now owns 24,543 shares of the e-commerce giant’s stock worth $5,384,000 after acquiring an additional 115 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Amazon.com by 4.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,896,156 shares of the e-commerce giant’s stock valued at $2,171,118,000 after purchasing an additional 449,770 shares during the last quarter. Verus Wealth Management LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at $680,000. Finally, Sumitomo Life Insurance Co. boosted its position in Amazon.com by 7.4% during the fourth quarter. Sumitomo Life Insurance Co. now owns 182,699 shares of the e-commerce giant’s stock worth $40,082,000 after purchasing an additional 12,540 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on AMZN. Moffett Nathanson raised their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Telsey Advisory Group restated an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Susquehanna boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. DA Davidson increased their target price on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Benchmark boosted their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Two investment 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’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,611 shares of company stock worth $11,122,402. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $226.45 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $228.26 and its 200 day moving average price is $202.87. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market cap of $2.38 trillion, a P/E ratio of 40.95, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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 return on equity of 25.49% and a net margin of 9.29%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

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.