Bridger Management LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bridger Management LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 66.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,114 shares of the e-commerce giant's stock after buying an additional 4,850 shares during the quarter. Amazon.com accounts for about 1.4% of Bridger Management LLC's holdings, making the stock its 17th biggest holding. Bridger Management LLC's holdings in Amazon.com were worth $2,658,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AMZN. Blue Capital Inc. acquired a new stake in Amazon.com in the fourth quarter valued at approximately $3,644,000. Bridgefront Capital LLC bought a new position in shares of Amazon.com in the 4th quarter valued at $588,000. Cantor Fitzgerald L. P. boosted its holdings in shares of Amazon.com by 84.4% during the 4th quarter. Cantor Fitzgerald L. P. now owns 39,734 shares of the e-commerce giant's stock valued at $8,717,000 after acquiring an additional 18,182 shares in the last quarter. Captrust Financial Advisors increased its holdings in Amazon.com by 9.4% in the 4th quarter. Captrust Financial Advisors now owns 2,017,114 shares of the e-commerce giant's stock worth $442,535,000 after purchasing an additional 174,138 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in Amazon.com in the 4th quarter worth about $45,582,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Scotiabank cut their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Piper Sandler reissued an "overweight" rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Bank of America cut their price target on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Cantor Fitzgerald increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Stock Down 0.2%

AMZN traded down $0.45 during mid-day trading on Wednesday, reaching $205.57. 7,315,706 shares of the stock were exchanged, compared to its average volume of 41,859,245. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market capitalization of $2.18 trillion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a 50 day moving average price of $190.38 and a two-hundred day moving average price of $208.73.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the firm earned $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock valued at $20,018,625 in the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

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.