Laird Norton Trust Company LLC Acquires 92,647 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Laird Norton Trust Company LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1,748.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,945 shares of the e-commerce giant’s stock after purchasing an additional 92,647 shares during the quarter. Amazon.com makes up about 1.3% of Laird Norton Trust Company LLC’s investment portfolio, making the stock its 12th largest position. Laird Norton Trust Company LLC’s holdings in Amazon.com were worth $10,402,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. LRT Capital Management LLC bought a new stake in shares of Amazon.com during the first quarter worth $939,000. Bellecapital International Ltd. raised its position in shares of Amazon.com by 1,993.8% during the second quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after acquiring an additional 67,270 shares during the last quarter. Van Hulzen Asset Management LLC raised its position in shares of Amazon.com by 2.1% during the first quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock worth $13,017,000 after acquiring an additional 82 shares during the last quarter. Bouchey Financial Group Ltd raised its position in shares of Amazon.com by 2,027.5% during the second quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after acquiring an additional 152,790 shares during the last quarter. Finally, Ervin Investment Management LLC raised its position in shares of Amazon.com by 1,900.0% during the second quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after acquiring an additional 2,793 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent research reports. Robert W. Baird dropped their target price on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Morgan Stanley decreased their price objective on Amazon.com from $175.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. UBS Group lifted their price objective on Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Mizuho decreased their price objective on Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Finally, Monness Crespi & Hardt decreased their price objective on Amazon.com from $172.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.89.

Amazon.com Stock Performance

AMZN opened at $92.46 on Tuesday. Amazon.com, Inc. has a 52-week low of $85.87 and a 52-week high of $185.67. The firm has a market capitalization of $943.24 billion, a PE ratio of 84.86, a PEG ratio of 6.29 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The business’s 50-day simple moving average is $109.80 and its 200 day simple moving average is $116.91.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the sale, the insider now owns 14,178,445 shares in the company, valued at $334,753,086.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the sale, the insider now owns 14,178,445 shares in the company, valued at $334,753,086.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the sale, the chief executive officer now owns 115,680 shares in the company, valued at approximately $14,741,102.40. The disclosure for this sale can be found here. Insiders have sold 269,412 shares of company stock worth $7,914,139 over the last 90 days. Company insiders own 12.70% of the company’s stock.

Amazon.com Profile

(Get Rating)

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Featured Stories

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.