Montrusco Bolton Investments Inc. Lowers Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Montrusco Bolton Investments Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,286,279 shares of the e-commerce giant’s stock after selling 585,444 shares during the quarter. Amazon.com comprises 5.6% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 3rd largest position. Montrusco Bolton Investments Inc.’s holdings in Amazon.com were worth $422,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Amazon.com in the fourth quarter worth $27,266,582,000. GAMMA Investing LLC increased its holdings in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the period. Capital World Investors increased its holdings in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the period. Vanguard Group Inc. increased its holdings in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the period. Finally, Capital International Investors increased its holdings in Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after buying an additional 12,000,745 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 25,096,253 shares of company stock worth $5,673,745,409 over the last 90 days. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Bank of America lifted their price target on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Moffett Nathanson lifted their price target on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Westpark Capital reiterated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Finally, Susquehanna lifted their target price on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $262.87.

Amazon.com Stock Up 2.9%

Amazon.com stock opened at $230.98 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The firm has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. The firm’s fifty day moving average price is $221.06 and its two-hundred day moving average price is $208.69. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share 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.