Bourgeon Capital Management LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bourgeon Capital Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,370 shares of the e-commerce giant’s stock after buying an additional 946 shares during the period. Amazon.com accounts for 2.6% of Bourgeon Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Bourgeon Capital Management LLC’s holdings in Amazon.com were worth $13,406,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares in the last quarter. Norges Bank acquired a new stake in Amazon.com during the fourth quarter valued at approximately $17,700,551,000. Capital Research Global Investors boosted its holdings in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares in the last quarter. Jennison Associates LLC grew its position in Amazon.com by 0.5% in the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after buying an additional 295,132 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after buying an additional 1,525,922 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMZN. Needham & Company LLC lifted their target price on Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. The Goldman Sachs Group cut their price objective on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. JMP Securities reissued a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research report on Wednesday, July 31st. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research note on Friday, August 2nd. Finally, UBS Group raised their target price on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $221.69.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the sale, the insider now directly owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the transaction, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the sale, the insider now directly owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Insiders sold a total of 6,059,152 shares of company stock valued at $1,212,453,840 in the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $180.11 on Thursday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a fifty day simple moving average of $184.07 and a 200 day simple moving average of $180.88. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.87 trillion, a P/E ratio of 50.45, a P/E/G ratio of 1.32 and a beta of 1.15.

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.