Warm Springs Advisors Inc. Acquires New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Warm Springs Advisors Inc. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,296 shares of the e-commerce giant's stock, valued at approximately $5,769,000. Amazon.com accounts for approximately 5.4% of Warm Springs Advisors Inc.'s investment portfolio, making the stock its 4th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $25,000. Accordant Advisory Group Inc increased its holdings in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the 4th quarter valued at $35,000. Finally, Perritt Capital Management Inc grew its holdings 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 valued at $42,000 after purchasing an additional 80 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Citizens Jmp lowered their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Bank of America increased their target price on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a report on Monday. Royal Bank of Canada decreased their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group decreased their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $244.89.

Amazon.com Stock Performance

AMZN traded up $5.66 during trading on Friday, hitting $213.57. The stock had a trading volume of 39,742,962 shares, compared to its average volume of 42,060,312. The company has a 50 day simple moving average of $191.41 and a 200-day simple moving average of $208.65. The firm has a market cap of $2.27 trillion, a PE ratio of 38.62, a P/E/G ratio of 1.50 and a beta of 1.33. 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 12 month low of $151.61 and a 12 month high of $242.52.

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

Insider Activity at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 over the last 90 days. Insiders own 9.70% of the company's stock.

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.