Bryn Mawr Capital Management LLC Has $23.04 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bryn Mawr Capital Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 12.5% in the first quarter, Holdings Channel reports. The firm owned 121,100 shares of the e-commerce giant’s stock after selling 17,331 shares during the quarter. Amazon.com accounts for about 1.4% of Bryn Mawr Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Bryn Mawr Capital Management LLC’s holdings in Amazon.com were worth $23,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Northern Capital Management Inc. raised its stake in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after acquiring an additional 45 shares in the last quarter. ETF Store Inc. raised its stake in Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after acquiring an additional 48 shares in the last quarter. Talisman Wealth Advisors LLC raised its stake in Amazon.com by 1.2% during the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock worth $1,020,000 after acquiring an additional 53 shares in the last quarter. SWAN Capital LLC raised its stake in Amazon.com by 3.1% during the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock worth $396,000 after acquiring an additional 55 shares in the last quarter. Finally, Lokken Investment Group LLC raised its stake in Amazon.com by 1.5% during the fourth quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant’s stock worth $848,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 1.4%

Shares of Amazon.com stock opened at $224.66 on Thursday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a market cap of $2.40 trillion, a PE ratio of 34.25, a P/E/G ratio of 1.49 and a beta of 1.31. The stock has a fifty day moving average price of $220.60 and a 200-day moving average price of $208.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $1.26 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Stifel Nicolaus boosted their target price on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Evercore ISI lowered their target price on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Pivotal Research boosted their price target on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. The Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Finally, DA Davidson boosted their price target on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, August 1st. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $262.45.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is currently owned by corporate insiders.

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.