Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Blodgett Wealth Advisors LLC

Blodgett Wealth Advisors LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,556 shares of the e-commerce giant’s stock after purchasing an additional 1,725 shares during the period. Amazon.com makes up approximately 5.3% of Blodgett Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Blodgett Wealth Advisors LLC’s holdings in Amazon.com were worth $6,704,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Amazon.com in the second quarter valued at approximately $3,243,000. Heritage Oak Wealth Advisors LLC acquired a new stake in Amazon.com in the second quarter worth approximately $1,130,000. Kestra Investment Management LLC acquired a new stake in Amazon.com in the second quarter worth approximately $5,624,000. RiverFront Investment Group LLC boosted its stake in Amazon.com by 11.2% during the 2nd quarter. RiverFront Investment Group LLC now owns 158,157 shares of the e-commerce giant’s stock valued at $30,564,000 after purchasing an additional 15,900 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Amazon.com during the 2nd quarter valued at $1,750,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,149 shares of company stock valued at $24,606,905 in the last quarter. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMZN. HSBC raised their target price on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Robert W. Baird raised their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Raymond James boosted their target price on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Morgan Stanley increased their target price on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group lifted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Up 0.7 %

AMZN opened at $214.35 on Thursday. The firm has a market cap of $2.27 trillion, a P/E ratio of 38.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business has a 50 day moving average price of $226.99 and a 200 day moving average price of $205.27. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.