First Foundation Advisors Has $80.94 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First Foundation Advisors decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 368,933 shares of the e-commerce giant's stock after selling 2,657 shares during the period. Amazon.com makes up approximately 3.0% of First Foundation Advisors' holdings, making the stock its 7th largest position. First Foundation Advisors' holdings in Amazon.com were worth $80,940,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth about $27,000. Accordant Advisory Group Inc boosted its holdings in 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 purchasing an additional 100 shares in the last quarter. LSV Asset Management acquired a new position in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc raised its stake in shares of Amazon.com by 72.7% during the 4th 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 acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,298 shares of company stock worth $23,818,478. 9.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $0.98 on Friday, reaching $193.06. 29,609,499 shares of the company traded hands, compared to its average volume of 41,691,901. The company's 50 day moving average is $188.50 and its 200-day moving average is $207.79. The stock has a market capitalization of $2.05 trillion, a PE ratio of 34.91, 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 current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS 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 during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the company posted $0.98 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Barclays dropped their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Mizuho dropped their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Citizens Jmp decreased their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada dropped their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Oppenheimer reduced their price target on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

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.