Blue Trust Inc. Sells 21,011 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Blue Trust Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,702 shares of the e-commerce giant's stock after selling 21,011 shares during the period. Blue Trust Inc.'s holdings in Amazon.com were worth $14,195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Accordant Advisory Group Inc increased its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC lifted its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after buying an additional 25,581 shares during the period. Bull Oak Capital LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $45,000. Quattro Financial Advisors LLC raised its position in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares during the last quarter. Finally, Values First Advisors Inc. acquired a new position in shares of Amazon.com in the third quarter worth approximately $56,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on AMZN. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Tigress Financial upped their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Maxim Group lifted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Jefferies Financial Group upped their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Finally, UBS Group increased their price target on Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $260.65.

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Amazon.com Stock Performance

AMZN stock opened at $193.89 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.05 trillion, a PE ratio of 35.06, a P/E/G ratio of 1.50 and a beta of 1.19. The business has a 50 day moving average of $222.18 and a 200-day moving average of $207.10. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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.

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