Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 853,324 shares of the e-commerce giant’s stock after purchasing an additional 49,798 shares during the quarter. Amazon.com comprises about 2.4% of Bartlett & CO. Wealth Management LLC’s holdings, making the stock its 9th largest holding. Bartlett & CO. Wealth Management LLC’s holdings in Amazon.com were worth $162,353,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Vanguard Group Inc. increased its stake in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. FMR LLC increased its stake in Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC increased its stake in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares during the last quarter. Finally, Norges Bank acquired a new stake in Amazon.com during the fourth quarter worth $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Amazon.com from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Bank of America raised their price target on Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a research report on Monday, June 2nd. Westpark Capital restated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Benchmark restated a “buy” rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Wells Fargo & Company raised their price target on Amazon.com from $201.00 to $238.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $250.35.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 733,195 shares of Amazon.com stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the sale, the insider owned 894,546,706 shares in the company, valued at approximately $203,079,993,196.12. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the transaction, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,335,232 shares of company stock worth $3,210,622,570 in the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.0%

AMZN opened at $226.13 on Monday. The business’s 50-day simple moving average is $213.50 and its 200-day simple moving average is $208.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market capitalization of $2.40 trillion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted 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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current 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.