Amazon.com, Inc. (NASDAQ:AMZN) is Peregrine Capital Management LLC’s Largest Position

Peregrine Capital Management LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 797,487 shares of the e-commerce giant’s stock after selling 30,102 shares during the quarter. Amazon.com accounts for 3.6% of Peregrine Capital Management LLC’s investment portfolio, making the stock its biggest holding. Peregrine Capital Management LLC’s holdings in Amazon.com were worth $121,170,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. PayPay Securities Corp increased its position in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of Amazon.com in the third quarter valued at approximately $49,000. Bruce G. Allen Investments LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $57,000. Finally, AM Squared Ltd acquired a new stake in Amazon.com during the third quarter worth approximately $76,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 3.4 %

Shares of NASDAQ AMZN opened at $179.62 on Friday. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 61.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $177.99 and its 200 day simple moving average is $158.79.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the business posted $0.21 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 4.11 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 20,200 shares of the 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 sale, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AMZN shares. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research note on Wednesday. BMO Capital Markets increased their price target on shares of Amazon.com from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Raymond James boosted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Robert W. Baird increased their target price on Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Oppenheimer boosted their price target on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $205.13.

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.