Amazon.com, Inc. (NASDAQ:AMZN) is Breed s Hill Capital LLC's 9th Largest Position

Breed s Hill Capital LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 51.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,607 shares of the e-commerce giant's stock after purchasing an additional 7,382 shares during the quarter. Amazon.com makes up about 2.5% of Breed s Hill Capital LLC's investment portfolio, making the stock its 9th largest holding. Breed s Hill Capital LLC's holdings in Amazon.com were worth $4,740,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the fourth quarter worth $27,000. Accordant Advisory Group Inc raised its stake in shares of 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 acquiring an additional 100 shares during the period. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc raised its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the period. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com in the fourth quarter valued at $51,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

AMZN stock traded up $0.68 during trading on Thursday, reaching $207.91. The company had a trading volume of 51,794,788 shares, compared to its average volume of 42,029,545. The firm has a 50-day simple moving average of $191.06 and a 200-day simple moving average of $208.60. The company has a market cap of $2.21 trillion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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 analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the sale, the chief executive officer now owns 517,050 shares of the company's stock, valued at approximately $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 in the last three months. Corporate insiders own 9.70% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Tigress Financial increased their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group decreased their price objective on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Truist Financial decreased their price objective on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $244.89.

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.