Blue Zone Wealth Advisors LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Blue Zone Wealth Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,310 shares of the e-commerce giant’s stock after buying an additional 499 shares during the period. Amazon.com accounts for about 1.6% of Blue Zone Wealth Advisors LLC’s portfolio, making the stock its 25th largest holding. Blue Zone Wealth Advisors LLC’s holdings in Amazon.com were worth $5,089,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMZN. Coston McIsaac & Partners grew its position in shares of Amazon.com by 2.8% in the first quarter. Coston McIsaac & Partners now owns 2,869 shares of the e-commerce giant’s stock valued at $517,000 after purchasing an additional 79 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in shares of Amazon.com by 2.3% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,230 shares of the e-commerce giant’s stock valued at $1,485,000 after purchasing an additional 187 shares in the last quarter. Brown Miller Wealth Management LLC grew its position in shares of Amazon.com by 1.2% in the first quarter. Brown Miller Wealth Management LLC now owns 18,968 shares of the e-commerce giant’s stock valued at $3,421,000 after purchasing an additional 221 shares in the last quarter. Fox Hill Wealth Management grew its position in shares of Amazon.com by 3.5% in the first quarter. Fox Hill Wealth Management now owns 21,743 shares of the e-commerce giant’s stock valued at $3,922,000 after purchasing an additional 743 shares in the last quarter. Finally, Foguth Wealth Management LLC. purchased a new stake in shares of Amazon.com in the first quarter valued at approximately $1,799,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMZN. The Goldman Sachs Group upped their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus upped their price objective on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday. UBS Group upped their price objective on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday, October 28th. Susquehanna upped their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday. Finally, Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $225.00 to $183.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $246.02.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $197.93 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.08 trillion, a P/E ratio of 42.38, a PEG ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $136.47 and a 52 week high of $201.20. The company has a 50-day moving average price of $184.82 and a 200 day moving average price of $183.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 net margin of 8.04% and a return on equity of 23.46%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 4.84 earnings per share for the current year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP David Zapolsky sold 9,490 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the completion of the transaction, the senior vice president now directly owns 64,610 shares of the company’s stock, valued at $11,686,656.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,855 shares of company stock worth $9,215,048. Company insiders own 10.80% of the company’s stock.

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.