Coastal Bridge Advisors LLC Buys 2,928 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Coastal Bridge Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,986 shares of the e-commerce giant's stock after purchasing an additional 2,928 shares during the period. Amazon.com makes up 1.4% of Coastal Bridge Advisors LLC's portfolio, making the stock its 21st biggest position. Coastal Bridge Advisors LLC's holdings in Amazon.com were worth $5,482,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $27,266,582,000. Capital World Investors grew its position in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Finally, Capital International Investors grew its position in shares of Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN traded up $5.03 during mid-day trading on Tuesday, hitting $206.02. 34,776,251 shares of the company traded hands, compared to its average volume of 41,992,291. 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 50-day moving average price of $190.16 and a two-hundred day moving average price of $208.75. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays decreased their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Morgan Stanley decreased their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Westpark Capital reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Four 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 stock presently has an average rating of "Moderate Buy" and an average price target of $244.09.

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.