Silvercrest Asset Management Group LLC Has $80.20 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Silvercrest Asset Management Group LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 65.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 365,534 shares of the e-commerce giant's stock after purchasing an additional 145,167 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Amazon.com were worth $80,195,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter worth about $27,000. Accordant Advisory Group Inc grew its stake 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 valued at $27,000 after buying an additional 100 shares during the last quarter. LSV Asset Management bought a new position in shares of Amazon.com during the fourth quarter valued at about $35,000. Perritt Capital Management Inc increased its holdings 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 worth $42,000 after buying an additional 80 shares during the period. Finally, Compass Planning Associates Inc bought a new stake in shares of Amazon.com in the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $1.77 during midday trading on Friday, hitting $203.93. 51,641,602 shares of the company's stock were exchanged, compared to its average volume of 42,089,558. The stock's 50 day moving average price is $190.60 and its 200-day moving average price is $208.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market cap of $2.16 trillion, a P/E ratio of 36.88, a PEG ratio of 1.50 and a beta of 1.30. 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 announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,537 shares of company stock worth $20,018,625. Company insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank of Canada decreased 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, May 2nd. Oppenheimer decreased their target price on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. The Goldman Sachs Group dropped their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Cantor Fitzgerald raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Wedbush restated an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.