Amazon.com, Inc. (NASDAQ:AMZN) is Birch Hill Investment Advisors LLC’s 5th Largest Position

Birch Hill Investment Advisors LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 547,072 shares of the e-commerce giant’s stock after selling 4,694 shares during the quarter. Amazon.com makes up 4.9% of Birch Hill Investment Advisors LLC’s holdings, making the stock its 5th largest position. Birch Hill Investment Advisors LLC’s holdings in Amazon.com were worth $104,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Sander Capital Advisors Inc. grew its position in Amazon.com by 0.3% during the first quarter. Sander Capital Advisors Inc. now owns 143,478 shares of the e-commerce giant’s stock valued at $27,298,000 after buying an additional 436 shares during the period. Five Oceans Advisors raised its position in shares of Amazon.com by 0.7% in the first quarter. Five Oceans Advisors now owns 14,985 shares of the e-commerce giant’s stock worth $2,851,000 after acquiring an additional 109 shares during the period. Greenbush Financial Group LLC boosted its stake in shares of Amazon.com by 5.2% during the 1st quarter. Greenbush Financial Group LLC now owns 12,208 shares of the e-commerce giant’s stock worth $2,323,000 after acquiring an additional 600 shares in the last quarter. Bell Bank grew its position in shares of Amazon.com by 5.5% during the 1st quarter. Bell Bank now owns 65,806 shares of the e-commerce giant’s stock valued at $12,520,000 after acquiring an additional 3,446 shares during the period. Finally, PKO Investment Management Joint Stock Co grew its position in shares of Amazon.com by 209.5% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 130,000 shares of the e-commerce giant’s stock valued at $24,734,000 after acquiring an additional 88,000 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Morgan Stanley dropped their price target on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Bank of America boosted their price target on shares of Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Oppenheimer increased their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Finally, Westpark Capital reissued a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $245.60.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 224,926 shares of Amazon.com stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $223.56, for a total transaction of $50,284,456.56. Following the transaction, the insider owned 905,454,975 shares of the company’s stock, valued at $202,423,514,211. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,426,963 shares of company stock worth $757,297,707. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 1.5%

Shares of NASDAQ:AMZN opened at $223.13 on Friday. The firm has a 50 day simple moving average of $206.44 and a 200-day simple moving average of $208.70. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.37 trillion, a PE ratio of 36.34, a P/E/G ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.