Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lessened by NWK Group Inc.

NWK Group Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,938 shares of the e-commerce giant's stock after selling 1,938 shares during the quarter. Amazon.com accounts for about 5.8% of NWK Group Inc.'s portfolio, making the stock its 4th largest position. NWK Group Inc.'s holdings in Amazon.com were worth $15,124,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Accordant Advisory Group Inc boosted its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the 4th quarter valued at about $35,000. Perritt Capital Management Inc boosted its stake 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 worth $42,000 after buying an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC grew its holdings in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Westpark Capital reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Mizuho cut their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Insiders Place Their Bets

In related news, Director Keith Brian Alexander sold 1,000 shares of the company'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 directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. This trade represents a 1.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock worth $17,696,733 over the last ninety days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Trading Up 0.2%

Shares of Amazon.com stock traded up $0.42 during trading hours on Friday, hitting $205.59. The company's stock had a trading volume of 43,001,394 shares, compared to its average volume of 41,940,570. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.18, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a fifty day moving average of $189.15 and a 200-day moving average of $208.40.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.