Bridges Investment Management Inc. Sells 7,996 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bridges Investment Management Inc. lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 697,460 shares of the e-commerce giant’s stock after selling 7,996 shares during the period. Amazon.com makes up approximately 3.5% of Bridges Investment Management Inc.’s portfolio, making the stock its 6th largest position. Bridges Investment Management Inc.’s holdings in Amazon.com were worth $105,972,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its holdings in Amazon.com by 5.0% during the fourth quarter. Venturi Wealth Management LLC now owns 41,919 shares of the e-commerce giant’s stock valued at $6,369,000 after purchasing an additional 1,997 shares in the last quarter. Integrated Investment Consultants LLC lifted its holdings in Amazon.com by 9.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 18,072 shares of the e-commerce giant’s stock valued at $2,746,000 after purchasing an additional 1,548 shares in the last quarter. Better Money Decisions LLC lifted its holdings in Amazon.com by 2.6% during the fourth quarter. Better Money Decisions LLC now owns 8,183 shares of the e-commerce giant’s stock valued at $1,243,000 after purchasing an additional 207 shares in the last quarter. Beacon Financial Advisory LLC lifted its holdings in Amazon.com by 4.0% during the fourth quarter. Beacon Financial Advisory LLC now owns 13,720 shares of the e-commerce giant’s stock valued at $2,085,000 after purchasing an additional 532 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC lifted its holdings in Amazon.com by 1.7% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 38,825 shares of the e-commerce giant’s stock valued at $5,899,000 after purchasing an additional 653 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 1.1 %

Shares of AMZN stock opened at $181.28 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 62.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. The company has a 50 day moving average price of $177.09 and a 200 day moving average price of $156.36. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,213,510 shares of company stock worth $5,505,798,456. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on AMZN shares. Benchmark increased their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. UBS Group raised their price target on shares of Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. The Goldman Sachs Group raised their price target on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Moffett Nathanson reissued a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $202.80.

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.