Bryn Mawr Capital Management LLC Sells 17,331 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bryn Mawr Capital Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 121,100 shares of the e-commerce giant's stock after selling 17,331 shares during the quarter. Amazon.com accounts for approximately 1.4% of Bryn Mawr Capital Management LLC's holdings, making the stock its 14th biggest holding. Bryn Mawr Capital Management LLC's holdings in Amazon.com were worth $23,040,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Schrum Private Wealth Management LLC grew its holdings in shares of Amazon.com by 19.5% in the 1st quarter. Schrum Private Wealth Management LLC now owns 2,014 shares of the e-commerce giant's stock worth $383,000 after purchasing an additional 328 shares during the last quarter. Bridgewater Advisors Inc. grew its holdings in shares of Amazon.com by 2.1% in the 1st quarter. Bridgewater Advisors Inc. now owns 66,913 shares of the e-commerce giant's stock worth $12,539,000 after purchasing an additional 1,356 shares during the last quarter. Tectonic Advisors LLC grew its holdings in shares of Amazon.com by 9.3% in the 1st quarter. Tectonic Advisors LLC now owns 17,377 shares of the e-commerce giant's stock worth $3,306,000 after purchasing an additional 1,480 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of Amazon.com by 1.0% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 261,171 shares of the e-commerce giant's stock worth $49,690,000 after purchasing an additional 2,499 shares during the last quarter. Finally, Grange Capital LLC grew its holdings in shares of Amazon.com by 4.3% in the 1st quarter. Grange Capital LLC now owns 4,945 shares of the e-commerce giant's stock worth $941,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares of the company's stock, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409 in the last three months. Insiders own 9.70% of the company's stock.

Amazon.com Trading Up 1.4%

AMZN stock opened at $224.66 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a fifty day moving average price of $220.60 and a two-hundred day moving average price of $208.72. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the previous year, the business posted $1.26 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AMZN shares. HSBC upped their price target on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Wells Fargo & Company increased their price objective on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Jefferies Financial Group increased their price objective on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Raymond James Financial reissued an "outperform" rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Finally, UBS Group reissued a "buy" rating and set a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $262.45.

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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