Bowie Capital Management LLC Has $97.34 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bowie Capital Management LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 443,663 shares of the e-commerce giant's stock after selling 22,240 shares during the period. Amazon.com makes up about 5.2% of Bowie Capital Management LLC's portfolio, making the stock its 9th largest holding. Bowie Capital Management LLC's holdings in Amazon.com were worth $97,335,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMZN. Momentous Wealth Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth $749,000. Segall Bryant & Hamill LLC boosted its holdings in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares during the period. Bearing Point Capital LLC bought a new stake in Amazon.com during the fourth quarter valued at $12,014,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after buying an additional 2,196,353 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 1.8%

NASDAQ:AMZN traded up $3.54 during mid-day trading on Tuesday, hitting $204.53. The company had a trading volume of 6,249,146 shares, compared to its average volume of 41,886,415. The business has a fifty day simple moving average of $190.16 and a 200-day simple moving average of $208.75. The firm has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 37.06, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. 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 (NASDAQ:AMZN - Get Free Report) last issued 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. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research reports. Scotiabank reduced their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Oppenheimer cut their price target on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Maxim Group raised their target price on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. BNP Paribas raised Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus dropped their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer now directly owns 2,148,694 shares in the company, valued at $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a 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 that occurred 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 completion of the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock valued at $20,018,625 in the last quarter. Insiders own 9.70% of the company's stock.

About Amazon.com

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.