Bamco Inc. NY Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bamco Inc. NY trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,080,063 shares of the e-commerce giant's stock after selling 15,439 shares during the quarter. Bamco Inc. NY's holdings in Amazon.com were worth $236,955,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Banque Transatlantique SA bought a new position in Amazon.com in the fourth quarter valued at approximately $365,794,000. Banque de Luxembourg S.A. bought a new position in Amazon.com in the fourth quarter valued at approximately $10,880,000. Bayesian Capital Management LP bought a new position in Amazon.com in the fourth quarter valued at approximately $8,666,000. Benchstone Capital Management LP bought a new stake in shares of Amazon.com during the fourth quarter worth $48,232,000. Finally, Beverly Hills Private Wealth LLC grew its stake in shares of Amazon.com by 1.2% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 57,483 shares of the e-commerce giant's stock worth $12,611,000 after buying an additional 666 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

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 value of $469,975.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was 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 of the company's stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders 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

A number of analysts have weighed in on AMZN shares. Needham & Company LLC reaffirmed a "buy" rating and set a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Bank of America decreased their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Mizuho decreased their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus decreased their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Westpark Capital reaffirmed a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Stock Up 2.5%

Shares of Amazon.com stock traded up $5.03 on Tuesday, reaching $206.02. The stock had a trading volume of 34,776,251 shares, compared to its average volume of 41,992,480. The company has a 50 day moving average price of $190.38 and a 200 day moving average price of $208.73. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market capitalization of $2.19 trillion, a P/E ratio of 37.25, a P/E/G ratio of 1.50 and a beta of 1.30.

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. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the business earned $0.98 EPS. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company 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.