Bourne Lent Asset Management Inc. Has $5.88 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Bourne Lent Asset Management Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 26,780 shares of the e-commerce giant’s stock after acquiring an additional 395 shares during the quarter. Amazon.com comprises about 2.2% of Bourne Lent Asset Management Inc.’s holdings, making the stock its 12th biggest holding. Bourne Lent Asset Management Inc.’s holdings in Amazon.com were worth $5,875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its position in Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after buying an additional 38,949,065 shares in the last quarter. Parnassus Investments LLC boosted its stake in shares of Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares in the last quarter. State Street Corp grew its holdings in shares of Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after buying an additional 6,545,944 shares during the period. Finally, Wulff Hansen & CO. raised its holdings in Amazon.com by 20,517.4% in the 2nd quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after buying an additional 3,865,485 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $229.15 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average price is $226.51 and its 200-day moving average price is $200.30. The stock has a market capitalization of $2.41 trillion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released 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 return on equity of 22.41% and a net margin of 8.04%. Equities research analysts expect that Amazon.com, Inc. will post 5.3 EPS for the current year.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,026,212 shares of company stock worth $625,666,424. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on AMZN shares. Sanford C. Bernstein upped their target price on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Benchmark lifted their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday. Rosenblatt Securities raised their target price on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday. Oppenheimer lifted their price target on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.20.

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.