Breakwater Capital Group Purchases 5,507 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Breakwater Capital Group boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 28,484 shares of the e-commerce giant's stock after acquiring an additional 5,507 shares during the period. Amazon.com accounts for approximately 1.0% of Breakwater Capital Group's portfolio, making the stock its 19th largest holding. Breakwater Capital Group's holdings in Amazon.com were worth $5,419,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Tallon Kerry Patrick bought a new stake in shares of Amazon.com during the fourth quarter valued at about $800,000. Capital & Planning LLC increased its position in shares of Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after buying an additional 1,635 shares during the period. LaFleur & Godfrey LLC increased its position in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after buying an additional 860 shares during the period. Brighton Jones LLC increased its position in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Amazon.com during the fourth quarter valued at about $301,650,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.3%

AMZN stock traded down $2.83 during midday trading on Friday, hitting $209.69. The company had a trading volume of 75,281,131 shares, compared to its average volume of 42,160,197. 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, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock's 50 day moving average price is $198.41 and its 200 day moving average price is $209.25. The stock has a market cap of $2.23 trillion, a price-to-earnings ratio of 34.15, a PEG ratio of 1.59 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMZN. Oppenheimer boosted their price objective on Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday. BNP Paribas raised Amazon.com to a "hold" rating in a report on Wednesday, April 30th. UBS Group reissued a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Mizuho cut their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Wedbush reissued an "outperform" rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $245.53.

Insider Activity at Amazon.com

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 completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% 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 Douglas J. Herrington sold 2,500 shares of the company'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 transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 over the last quarter. 9.70% of the stock is owned by corporate insiders.

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.