Cardiff Park Advisors LLC Sells 2,479 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cardiff Park Advisors LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,744 shares of the e-commerce giant's stock after selling 2,479 shares during the quarter. Amazon.com comprises 0.9% of Cardiff Park Advisors LLC's portfolio, making the stock its 20th biggest holding. Cardiff Park Advisors LLC's holdings in Amazon.com were worth $9,816,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $27,000. Accordant Advisory Group Inc grew its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares in the last quarter. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter valued at $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com in the 4th quarter valued at $51,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMZN. Wells Fargo & Company reduced their target price on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft reduced their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Scotiabank reduced their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Mizuho reduced their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Evercore ISI dropped their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Activity

In other news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 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 value of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,018,625 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 2.5%

NASDAQ AMZN traded up $5.03 during trading hours on Tuesday, hitting $206.02. 34,776,251 shares of the company's stock were exchanged, compared to its average volume of 41,992,480. 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, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a 50-day simple moving average of $190.38 and a 200 day simple moving average of $208.73. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.25, a PEG ratio of 1.50 and a beta of 1.30.

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

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.