Bartlett & Co. LLC Acquires 966 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bartlett & Co. LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 179.9% in the third quarter, Holdings Channel.com reports. The firm owned 1,503 shares of the e-commerce giant’s stock after purchasing an additional 966 shares during the period. Bartlett & Co. LLC’s holdings in Amazon.com were worth $2,609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Vanguard Group Inc. boosted its holdings in Amazon.com by 1.3% in the second quarter. Vanguard Group Inc. now owns 31,312,832 shares of the e-commerce giant’s stock worth $59,294,918,000 after purchasing an additional 387,740 shares during the last quarter. BlackRock Inc. boosted its holdings in Amazon.com by 1.6% in the second quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock worth $49,389,711,000 after purchasing an additional 415,448 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in Amazon.com by 191,406.0% in the second quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock worth $930,719,000 after purchasing an additional 9,302,331 shares during the last quarter. Northern Trust Corp boosted its holdings in Amazon.com by 1.2% in the second quarter. Northern Trust Corp now owns 4,997,392 shares of the e-commerce giant’s stock worth $9,463,210,000 after purchasing an additional 57,712 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in Amazon.com by 0.9% in the second quarter. Baillie Gifford & Co. now owns 4,449,842 shares of the e-commerce giant’s stock worth $8,426,354,000 after purchasing an additional 41,699 shares during the last quarter. 55.60% of the stock is owned by institutional investors and hedge funds.

AMZN has been the topic of several research reports. Mizuho raised their target price on shares of Amazon.com from $2,150.00 to $2,200.00 and gave the stock a “buy” rating in a report on Friday, October 25th. MKM Partners dropped their target price on shares of Amazon.com from $2,350.00 to $2,250.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Wedbush dropped their target price on shares of Amazon.com from $2,350.00 to $2,000.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Macquarie set a $2,200.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Barclays dropped their target price on shares of Amazon.com from $2,180.00 to $2,000.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $2,189.97.

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In other news, CEO Jeffrey A. Wilke sold 3,475 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $17,739,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Indra K. Nooyi acquired 100 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were purchased at an average price of $1,726.06 per share, for a total transaction of $172,606.00. Following the completion of the transaction, the director now directly owns 250 shares in the company, valued at $431,515. The disclosure for this purchase can be found here. Insiders have sold a total of 22,747 shares of company stock worth $40,737,808 over the last 90 days. Insiders own 16.10% of the company’s stock.

Shares of AMZN stock opened at $1,785.88 on Friday. The company has a market capitalization of $893.28 billion, a price-to-earnings ratio of 88.67, a PEG ratio of 3.20 and a beta of 1.56. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,035.80. The company’s fifty day moving average price is $1,759.09 and its 200-day moving average price is $1,840.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($0.23). The firm had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.75 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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