Bartlett & CO. Wealth Management LLC Has $147.39 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bartlett & CO. Wealth Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 790,997 shares of the e-commerce giant's stock after acquiring an additional 17,843 shares during the quarter. Amazon.com makes up 2.1% of Bartlett & CO. Wealth Management LLC's portfolio, making the stock its 10th largest holding. Bartlett & CO. Wealth Management LLC's holdings in Amazon.com were worth $147,386,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NovaPoint Capital LLC boosted its holdings in Amazon.com by 15.7% in the third quarter. NovaPoint Capital LLC now owns 8,195 shares of the e-commerce giant's stock valued at $1,527,000 after acquiring an additional 1,111 shares during the last quarter. Chronos Wealth Management LLC boosted its holdings in Amazon.com by 2.6% during the third quarter. Chronos Wealth Management LLC now owns 55,424 shares of the e-commerce giant's stock worth $10,327,000 after buying an additional 1,382 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in Amazon.com by 8.4% during the third quarter. Capital Investment Advisors LLC now owns 218,823 shares of the e-commerce giant's stock worth $40,773,000 after buying an additional 16,960 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its holdings in Amazon.com by 5.5% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 301,777 shares of the e-commerce giant's stock worth $56,230,000 after buying an additional 15,717 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Amazon.com by 71.8% during the third quarter. Blue Trust Inc. now owns 85,713 shares of the e-commerce giant's stock worth $16,564,000 after buying an additional 35,824 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Wedbush raised their target price on Amazon.com from $225.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Itau BBA Securities cut Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. Monness Crespi & Hardt lifted their target price on Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Loop Capital raised their price target on Amazon.com from $225.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird boosted their price objective on Amazon.com from $213.00 to $220.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $235.77.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company's stock, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,011,423 shares of company stock worth $1,249,093,896 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

AMZN traded down $3.64 during trading on Wednesday, hitting $200.97. 17,730,260 shares of the company traded hands, compared to its average volume of 41,455,887. The firm has a market cap of $2.11 trillion, a P/E ratio of 43.07, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. 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, Inc. has a one year low of $141.50 and a one year high of $215.90. The stock's fifty day moving average is $192.19 and its 200 day moving average is $186.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $157.28 billion. During the same period in the previous year, the business posted $0.85 EPS. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 5.27 EPS 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.