Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Cut by Fernbridge Capital Management LP

Fernbridge Capital Management LP lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 609,762 shares of the e-commerce giant’s stock after selling 42,425 shares during the quarter. Amazon.com accounts for approximately 7.0% of Fernbridge Capital Management LP’s holdings, making the stock its 6th largest holding. Fernbridge Capital Management LP’s holdings in Amazon.com were worth $133,776,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth about $27,000. Accordant Advisory Group Inc increased its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc increased its position in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $205.59 on Monday. The company has a 50-day simple moving average of $189.33 and a 200-day simple moving average of $208.77. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. 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 stock has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMZN. Raymond James reiterated an “outperform” rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Barclays lowered their target price on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Benchmark reaffirmed a “buy” rating and set a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Westpark Capital reissued a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Insider Buying and Selling at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,798 shares of company stock valued at $17,696,733. Corporate insiders own 9.70% of the company’s stock.

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.