Blue Trust Inc. Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Blue Trust Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 71.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 85,713 shares of the e-commerce giant's stock after buying an additional 35,824 shares during the period. Blue Trust Inc.'s holdings in Amazon.com were worth $16,564,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of AMZN. Meridian Financial Partners LLC bought a new stake in Amazon.com in the 3rd quarter valued at about $3,500,000. IFG Advisors LLC boosted its holdings in Amazon.com by 14.3% in the 3rd quarter. IFG Advisors LLC now owns 8,039 shares of the e-commerce giant's stock valued at $1,498,000 after purchasing an additional 1,006 shares during the period. Mogy Joel R Investment Counsel Inc. boosted its holdings in Amazon.com by 0.7% in the 3rd quarter. Mogy Joel R Investment Counsel Inc. now owns 345,122 shares of the e-commerce giant's stock valued at $64,307,000 after purchasing an additional 2,252 shares during the period. Riverview Trust Co boosted its holdings in Amazon.com by 5.1% in the 3rd quarter. Riverview Trust Co now owns 9,666 shares of the e-commerce giant's stock valued at $1,801,000 after purchasing an additional 465 shares during the period. Finally, Meridian Management Co. boosted its holdings in Amazon.com by 27.6% in the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock valued at $6,235,000 after purchasing an additional 7,246 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMZN. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, November 1st. Morgan Stanley boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Susquehanna boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $235.45.

Amazon.com Trading Up 1.4 %

Shares of NASDAQ:AMZN traded up $2.91 during trading on Tuesday, reaching $204.61. The stock had a trading volume of 30,921,727 shares, compared to its average volume of 41,560,453. The firm's fifty day moving average is $192.19 and its 200 day moving average is $186.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52 week low of $141.50 and a 52 week high of $215.90. The stock has a market cap of $2.15 trillion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 9,490 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the transaction, the senior vice president now owns 64,610 shares in the company, valued at approximately $11,686,656.80. The trade was a 12.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,054,586 shares of company stock valued at $1,256,749,526 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

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.