Amazon.com, Inc. (NASDAQ:AMZN) is Brasada Capital Management LP's 6th Largest Position

Brasada Capital Management LP decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,219 shares of the e-commerce giant's stock after selling 2,712 shares during the period. Amazon.com accounts for about 3.0% of Brasada Capital Management LP's investment portfolio, making the stock its 6th biggest position. Brasada Capital Management LP's holdings in Amazon.com were worth $16,874,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of AMZN. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the fourth quarter worth approximately $27,000. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares in the last quarter. LSV Asset Management bought a new position in Amazon.com in the fourth quarter worth approximately $35,000. Perritt Capital Management Inc raised its stake in 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 in the last quarter. Finally, Compass Planning Associates Inc bought a new position in Amazon.com in the fourth quarter worth approximately $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AMZN shares. Oppenheimer reduced their price objective on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Morgan Stanley reduced their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group reduced their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reduced their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Four investment 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, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Trading Up 0.2%

NASDAQ AMZN opened at $205.59 on Friday. The stock has a market capitalization of $2.18 trillion, a P/E ratio of 37.18, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a 50-day moving average price of $189.33 and a 200 day moving average price of $208.50. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. This trade represents a 1.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. The trade was a 6.87% 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. 9.70% of the stock is currently owned by insiders.

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.

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