Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 33.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,144,778 shares of the e-commerce giant’s stock after purchasing an additional 792,798 shares during the period. Amazon.com comprises approximately 6.1% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 3rd largest position. Montrusco Bolton Investments Inc.’s holdings in Amazon.com were worth $574,540,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in shares of Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after buying an additional 1,042,177 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after purchasing an additional 289,532 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Amazon.com by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant’s stock valued at $10,678,217,000 after purchasing an additional 1,980,663 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Amazon.com by 3.4% during the second quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock valued at $7,917,906,000 after purchasing an additional 1,329,150 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Telsey Advisory Group raised their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $197.00 price target on shares of Amazon.com in a research note on Wednesday, November 20th. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a research note on Tuesday, December 10th. TD Cowen raised their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Mizuho lifted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.44.

Amazon.com Trading Up 1.8 %

NASDAQ AMZN opened at $224.19 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $212.34 and a 200 day simple moving average of $193.77. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The firm has a market capitalization of $2.36 trillion, a P/E ratio of 48.01, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the firm earned $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by company insiders.

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.