Coastal Bridge Advisors LLC Has $5.48 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Coastal Bridge Advisors LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,986 shares of the e-commerce giant's stock after purchasing an additional 2,928 shares during the quarter. Amazon.com accounts for about 1.4% of Coastal Bridge Advisors LLC's holdings, making the stock its 21st largest holding. Coastal Bridge Advisors LLC's holdings in Amazon.com were worth $5,482,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the 4th quarter worth $25,000. Accordant Advisory Group Inc grew its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter valued at $35,000. Finally, Perritt Capital Management Inc grew its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN traded up $0.98 during midday trading on Thursday, reaching $205.70. The company's stock had a trading volume of 34,630,040 shares, compared to its average volume of 41,998,938. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market cap of $2.18 trillion, a P/E ratio of 37.20, a PEG ratio of 1.50 and a beta of 1.30. The company has a fifty day simple moving average of $190.60 and a 200 day simple moving average of $208.70. 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 announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping 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 business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Amazon.com's revenue was up 8.6% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president now directly owns 47,030 shares in the company, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm'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 directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock valued at $20,018,625 in the last quarter. Corporate insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Citigroup reiterated an "outperform" rating on shares of Amazon.com in a research note on Friday, May 2nd. The Goldman Sachs Group decreased their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. DA Davidson dropped their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Jefferies Financial Group reduced their target price on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $244.09.

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.