Bradyco Inc. Sells 1,400 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bradyco Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,341 shares of the e-commerce giant's stock after selling 1,400 shares during the period. Amazon.com accounts for 5.5% of Bradyco Inc.'s investment portfolio, making the stock its 5th biggest position. Bradyco Inc.'s holdings in Amazon.com were worth $7,295,000 as of its most recent SEC filing.

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

Amazon.com Price Performance

NASDAQ:AMZN traded up $6.18 during mid-day trading on Friday, hitting $223.30. 119,087,933 shares of the company's stock traded hands, compared to its average volume of 42,021,779. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm's 50 day simple moving average is $202.26 and its 200 day simple moving average is $208.86. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market cap of $2.37 trillion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the firm posted $0.98 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 in the last ninety days. Insiders own 9.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMZN shares. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday. Stifel Nicolaus cut their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Benchmark reiterated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Raymond James Financial reissued an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $245.81.

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.