Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Breakwater Capital Group

Breakwater Capital Group raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,484 shares of the e-commerce giant's stock after buying an additional 5,507 shares during the quarter. Amazon.com comprises about 1.0% of Breakwater Capital Group's portfolio, making the stock its 19th biggest holding. Breakwater Capital Group's holdings in Amazon.com were worth $5,419,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth $25,000. Accordant Advisory Group Inc grew its holdings in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $35,000. Finally, Perritt Capital Management Inc grew its holdings 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 purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 1.1%

NASDAQ:AMZN traded down $2.30 during mid-day trading on Thursday, hitting $212.52. The stock had a trading volume of 44,246,577 shares, compared to its average volume of 42,160,587. The stock has a 50-day simple moving average of $197.28 and a two-hundred day simple moving average of $209.32. The company has a market capitalization of $2.26 trillion, a PE ratio of 34.61, a PEG ratio of 1.61 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. 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 over the last 90 days. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMZN. Citigroup reissued a "buy" rating on shares of Amazon.com in a report on Monday, June 2nd. Tigress Financial upped their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. BNP Paribas raised shares of Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Cantor Fitzgerald upped their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four equities research 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $244.89.

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.