Birch Hill Investment Advisors LLC Has $104.12 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Birch Hill Investment Advisors LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 558,766 shares of the e-commerce giant’s stock after selling 3,052 shares during the quarter. Amazon.com comprises approximately 4.9% of Birch Hill Investment Advisors LLC’s portfolio, making the stock its 4th biggest holding. Birch Hill Investment Advisors LLC’s holdings in Amazon.com were worth $104,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Exchange Bank lifted its holdings in shares of Amazon.com by 3.0% in the third quarter. Exchange Bank now owns 6,041 shares of the e-commerce giant’s stock worth $1,126,000 after buying an additional 175 shares in the last quarter. Ayrshire Capital Management LLC lifted its holdings in shares of Amazon.com by 1.9% in the third quarter. Ayrshire Capital Management LLC now owns 42,706 shares of the e-commerce giant’s stock worth $7,957,000 after buying an additional 810 shares in the last quarter. Ballew Advisors Inc lifted its holdings in shares of Amazon.com by 2.7% in the third quarter. Ballew Advisors Inc now owns 4,457 shares of the e-commerce giant’s stock worth $825,000 after buying an additional 116 shares in the last quarter. Professional Financial Advisors LLC lifted its holdings in shares of Amazon.com by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 10,473 shares of the e-commerce giant’s stock worth $1,951,000 after buying an additional 60 shares in the last quarter. Finally, CHICAGO TRUST Co NA lifted its holdings in shares of Amazon.com by 8.2% in the third quarter. CHICAGO TRUST Co NA now owns 52,887 shares of the e-commerce giant’s stock worth $9,854,000 after buying an additional 4,005 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Maxim Group increased their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 target price (up from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Finally, Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $234.55.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock valued at $10,215,097 in the last quarter. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN opened at $208.18 on Friday. The stock has a 50-day moving average price of $187.83 and a 200-day moving average price of $184.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.19 trillion, a PE ratio of 44.58, a P/E/G ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $212.25.

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, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 5.24 earnings per share for the current fiscal year.

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.