Burgundy Asset Management Ltd. Sells 84,783 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Burgundy Asset Management Ltd. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 826,001 shares of the e-commerce giant's stock after selling 84,783 shares during the period. Amazon.com comprises approximately 1.8% of Burgundy Asset Management Ltd.'s portfolio, making the stock its 15th biggest position. Burgundy Asset Management Ltd.'s holdings in Amazon.com were worth $181,216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Cable Hill Partners LLC raised its position in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after buying an additional 44 shares during the last quarter. Quattro Financial Advisors LLC raised its holdings in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Northern Capital Management Inc. lifted its position in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after acquiring an additional 45 shares during the period. White Wing Wealth Management increased its position in shares of Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after purchasing an additional 47 shares during the period. Finally, MBM Wealth Consultants LLC lifted its position in Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Mizuho dropped their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Tigress Financial lifted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Wedbush restated an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $244.89.

Insiders Place Their Bets

In related 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 value of $210,680.00. Following the sale, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. 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 a total of 102,037 shares of company stock valued at $20,531,075 in the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 2.4%

NASDAQ AMZN traded up $4.95 during trading hours on Friday, hitting $212.86. The company's stock had a trading volume of 24,913,413 shares, compared to its average volume of 42,004,340. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week 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. The company's 50-day simple moving average is $191.41 and its two-hundred day simple moving average is $208.65. The company has a market capitalization of $2.26 trillion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business's revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.