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

Bowie Capital Management LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 443,663 shares of the e-commerce giant's stock after selling 22,240 shares during the quarter. Amazon.com makes up about 5.2% of Bowie Capital Management LLC's portfolio, making the stock its 9th biggest holding. Bowie Capital Management LLC's holdings in Amazon.com were worth $97,335,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Accordant Advisory Group Inc lifted its position 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 buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Finally, Perritt Capital Management Inc lifted its position 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 buying an additional 80 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at approximately $96,664,732.58. This trade represents 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 ninety days. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Up 2.5%

Shares of NASDAQ:AMZN traded up $5.03 during midday trading on Tuesday, reaching $206.02. The company's stock had a trading volume of 34,776,251 shares, compared to its average volume of 41,992,480. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 37.25, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a 50 day moving average price of $190.38 and a two-hundred day moving average price of $208.73. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for 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%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMZN shares. Scotiabank cut their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Westpark Capital reissued a "buy" rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Maxim Group lifted their price target on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Raymond James reissued an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $244.09.

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.