Boston Trust Walden Corp Buys 187,373 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Boston Trust Walden Corp lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 166.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 299,939 shares of the e-commerce giant’s stock after purchasing an additional 187,373 shares during the quarter. Boston Trust Walden Corp’s holdings in Amazon.com were worth $57,066,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc increased its position in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com in the fourth quarter worth approximately $51,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMZN shares. Wedbush reiterated an “outperform” rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, June 2nd. Morgan Stanley cut their target price on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. Finally, Bank of America upped their target price on Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a research note on Monday, June 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.60.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president directly owned 47,030 shares of the company’s stock, valued at $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last three months, insiders sold 3,426,963 shares of company stock valued at $757,297,707. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $223.13 on Monday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.37 trillion, a P/E ratio of 36.34, a PEG ratio of 1.68 and a beta of 1.33. The stock’s 50 day moving average is $206.44 and its 200 day moving average is $208.52.

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