Amazon.com, Inc. (NASDAQ:AMZN) Position Lowered by Tran Capital Management L.P.

Tran Capital Management L.P. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 328,681 shares of the e-commerce giant’s stock after selling 15,337 shares during the period. Amazon.com accounts for approximately 8.2% of Tran Capital Management L.P.’s portfolio, making the stock its biggest position. Tran Capital Management L.P.’s holdings in Amazon.com were worth $72,109,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fiera Capital Corp raised its holdings in Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after buying an additional 44,615 shares during the period. American Planning Services Inc. increased its stake in Amazon.com by 355.4% during the second quarter. American Planning Services Inc. now owns 17,010 shares of the e-commerce giant’s stock worth $3,287,000 after purchasing an additional 13,275 shares during the period. Menard Financial Group LLC grew its position in shares of Amazon.com by 24.8% during the second quarter. Menard Financial Group LLC now owns 27,857 shares of the e-commerce giant’s stock worth $5,383,000 after buying an additional 5,542 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Amazon.com by 82.0% during the second quarter. Citizens Financial Group Inc. RI now owns 407,143 shares of the e-commerce giant’s stock worth $78,680,000 after buying an additional 183,413 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. grew its position in shares of Amazon.com by 968.0% during the second quarter. City of London Investment Management Co. Ltd. now owns 45,015 shares of the e-commerce giant’s stock worth $8,699,000 after buying an additional 40,800 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $230.37 on Friday. The company has a market cap of $2.42 trillion, a P/E ratio of 41.66, a PEG ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The business’s 50-day simple moving average is $227.98 and its 200 day simple moving average is $201.78.

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, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMZN. Stifel Nicolaus upped their price target on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 7th. Moffett Nathanson upped their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Roth Mkm upped their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Citigroup lowered their target price on Amazon.com from $275.00 to $273.00 and set a “buy” rating on the stock in a report on Friday, February 7th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,348 shares of company stock worth $5,036,214. 10.80% of the stock is currently owned by corporate insiders.

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.