Amazon.com, Inc. (NASDAQ:AMZN) is Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s 7th Largest Position

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,102,592 shares of the e-commerce giant’s stock after buying an additional 16,373 shares during the quarter. Amazon.com accounts for 3.8% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s portfolio, making the stock its 7th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Amazon.com were worth $405,842,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMZN. Collective Family Office LLC raised its position in Amazon.com by 9.7% during the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after purchasing an additional 819 shares during the last quarter. Members Trust Co raised its position in Amazon.com by 8.9% during the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares during the last quarter. Phillips Wealth Planners LLC raised its position in Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares during the last quarter. LifePlan Financial LLC bought a new position in Amazon.com during the 4th quarter valued at approximately $1,276,000. Finally, Legacy CG LLC raised its position in Amazon.com by 8.2% during the 4th quarter. Legacy CG LLC now owns 55,645 shares of the e-commerce giant’s stock valued at $8,455,000 after purchasing an additional 4,217 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock worth $1,220,621,322 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on AMZN shares. UBS Group upped their price target on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company lowered their price target on Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Loop Capital increased their target price on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Wedbush reissued an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Needham & Company LLC increased their target price on Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $221.36.

Amazon.com Trading Up 3.7 %

AMZN opened at $178.50 on Monday. The firm has a market cap of $1.86 trillion, a P/E ratio of 50.00, a P/E/G ratio of 1.34 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average of $182.68 and a 200 day moving average of $181.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, research analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current 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.