DF Dent & Co. Inc. Has $231.99 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

DF Dent & Co. Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,057,412 shares of the e-commerce giant's stock after selling 7,161 shares during the quarter. Amazon.com makes up approximately 2.9% of DF Dent & Co. Inc.'s investment portfolio, making the stock its 3rd largest position. DF Dent & Co. Inc.'s holdings in Amazon.com were worth $231,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Amazon.com in the fourth quarter valued at about $27,266,582,000. Vanguard Group Inc. lifted its position in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the period. State Street Corp raised its position in Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded down $1.34 on Tuesday, reaching $185.01. The company's stock had a trading volume of 28,305,174 shares, compared to its average volume of 41,646,826. The firm has a market cap of $1.96 trillion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business has a 50-day moving average price of $189.45 and a 200 day moving average price of $207.88.

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

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 5,848 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the sale, the senior vice president now directly owns 69,162 shares in the company, valued at $15,265,436.64. This represents a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at $96,664,732.58. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 107,298 shares of company stock valued at $23,818,478. 9.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Tigress Financial raised their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday. Cantor Fitzgerald lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday. Evercore ISI lowered their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday. Loop Capital upped their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus lowered their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday. Four 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, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com 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.