Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 570,551 shares of the e-commerce giant’s stock after buying an additional 3,614 shares during the period. Amazon.com makes up about 4.6% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Birch Hill Investment Advisors LLC’s holdings in Amazon.com were worth $86,690,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after buying an additional 32,038,029 shares during the period. FMR LLC grew its position in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Northern Trust Corp grew its position in Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares in the last quarter. Jennison Associates LLC grew its position in Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Amazon.com by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after acquiring an additional 1,374,052 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $175.00 on Wednesday. The company has a market capitalization of $1.82 trillion, a P/E ratio of 60.34, a PEG ratio of 1.55 and a beta of 1.17. The company has a 50-day simple moving average of $178.38 and a 200 day simple moving average of $159.64. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.17. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the company earned $0.31 EPS. Amazon.com’s revenue was up 12.5% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMZN shares. Bank of America increased their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley increased their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Wolfe Research raised their price target on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Susquehanna raised their price target on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. Finally, Sanford C. Bernstein raised their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $205.13.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. In the last three months, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is owned by insiders.

Amazon.com Company 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.