Amazon.com, Inc. (NASDAQ:AMZN) Position Reduced by Crescent Park Management L.P.

Crescent Park Management L.P. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,428 shares of the e-commerce giant's stock after selling 2,160 shares during the quarter. Amazon.com comprises about 6.3% of Crescent Park Management L.P.'s portfolio, making the stock its 4th biggest holding. Crescent Park Management L.P.'s holdings in Amazon.com were worth $16,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter valued at approximately $27,000. Accordant Advisory Group Inc boosted its holdings 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 valued at $27,000 after purchasing an additional 100 shares during the period. Perritt Capital Management Inc grew its stake in 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 purchasing an additional 80 shares in the last quarter. Compass Planning Associates Inc purchased a new stake in Amazon.com during the 4th quarter worth about $51,000. Finally, Quattro Financial Advisors LLC raised its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was 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 directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last ninety days. Insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AMZN shares. Benchmark restated a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research note on Friday. Westpark Capital reaffirmed a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday. Royal Bank of Canada cut their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday. Rosenblatt Securities upped their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday. Finally, UBS Group decreased their target price on Amazon.com from $272.00 to $253.00 and set a "buy" rating for the company in a research note on Tuesday. Three analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $243.55.

Amazon.com Price Performance

NASDAQ:AMZN traded down $0.22 during mid-day trading on Friday, hitting $189.98. 77,794,995 shares of the company's stock traded hands, compared to its average volume of 41,684,289. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market cap of $2.02 trillion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. 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 firm's 50 day simple moving average is $190.48 and its 200 day simple moving average is $207.77.

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, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect 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.