Bridger Management LLC Has $2.66 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bridger Management LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 66.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,114 shares of the e-commerce giant's stock after buying an additional 4,850 shares during the period. Amazon.com makes up approximately 1.4% of Bridger Management LLC's holdings, making the stock its 17th biggest position. Bridger Management LLC's holdings in Amazon.com were worth $2,658,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter worth about $27,000. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% in 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 during the last quarter. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter worth about $35,000. Perritt Capital Management Inc lifted its position 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 worth $42,000 after buying an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in shares of Amazon.com in the fourth quarter worth about $51,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Benchmark reissued a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Scotiabank cut their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Westpark Capital reissued a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Citigroup reissued an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Trading Down 1.0%

AMZN stock opened at $200.99 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a market cap of $2.13 trillion, a P/E ratio of 36.35, a P/E/G ratio of 1.50 and a beta of 1.30. The business's 50 day moving average is $190.05 and its 200-day moving average is $208.81. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,695 shares of the 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 sale, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,749 shares of company stock worth $24,197,235 in the last three months. Insiders own 9.70% of the company's stock.

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.

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