Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Blue Chip Partners Inc.

Blue Chip Partners Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 278.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,185 shares of the e-commerce giant’s stock after acquiring an additional 14,110 shares during the period. Blue Chip Partners Inc.’s holdings in Amazon.com were worth $2,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Amazon.com by 1,923.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock valued at $2,947,054,000 after acquiring an additional 26,375,927 shares during the period. New York State Teachers Retirement System boosted its stake in Amazon.com by 1,895.2% in the second quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock valued at $1,099,172,000 after acquiring an additional 9,830,359 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Amazon.com by 1,539.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,633,606 shares of the e-commerce giant’s stock valued at $1,023,183,000 after acquiring an additional 9,046,135 shares during the period. Alecta Tjanstepension Omsesidigt boosted its stake in Amazon.com by 2,050.2% in the second quarter. Alecta Tjanstepension Omsesidigt now owns 9,448,000 shares of the e-commerce giant’s stock valued at $1,004,228,000 after acquiring an additional 9,008,600 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Amazon.com by 2,197.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,568,862 shares of the e-commerce giant’s stock valued at $910,099,000 after acquiring an additional 8,195,847 shares during the period. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 4.3 %

Shares of NASDAQ:AMZN opened at $100.79 on Monday. The stock has a market capitalization of $1.03 trillion, a PE ratio of 92.51, a P/E/G ratio of 7.67 and a beta of 1.23. Amazon.com, Inc. has a 1 year low of $85.87 and a 1 year high of $188.11. The firm has a fifty day moving average price of $113.93 and a 200 day moving average price of $118.21. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. The firm had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. Amazon.com’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. Analysts expect that Amazon.com, Inc. will post 0.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the completion of the sale, the insider now directly owns 14,178,445 shares in the company, valued at $334,753,086.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The disclosure for this sale can be found here. Over the last three months, insiders sold 298,393 shares of company stock worth $12,497,340. Corporate insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMZN. JMP Securities reduced their price objective on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Bank of America reduced their price objective on Amazon.com from $157.00 to $137.00 and set a “buy” rating for the company in a research report on Friday, October 28th. StockNews.com initiated coverage on Amazon.com in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Canaccord Genuity Group upped their target price on Amazon.com from $185.00 to $200.00 in a research report on Friday, July 29th. Finally, Truist Financial cut their target price on Amazon.com from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and forty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.91.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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