Garrison Bradford & Associates Inc. Sells 108 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Garrison Bradford & Associates Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,702 shares of the e-commerce giant’s stock after selling 108 shares during the quarter. Amazon.com comprises approximately 4.1% of Garrison Bradford & Associates Inc.’s holdings, making the stock its 8th largest position. Garrison Bradford & Associates Inc.’s holdings in Amazon.com were worth $3,884,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Jackson Hole Capital Partners LLC raised its holdings in Amazon.com by 1.4% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 40,915 shares of the e-commerce giant’s stock worth $8,976,000 after acquiring an additional 569 shares during the period. Horan Securities Inc. grew its position in shares of Amazon.com by 5.9% in the fourth quarter. Horan Securities Inc. now owns 1,501 shares of the e-commerce giant’s stock valued at $329,000 after purchasing an additional 84 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of Amazon.com by 2.3% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 56,626 shares of the e-commerce giant’s stock worth $12,423,000 after purchasing an additional 1,268 shares during the period. Kendall Capital Management acquired a new position in shares of Amazon.com during the 4th quarter worth about $382,000. Finally, Coordinated Financial Services Inc. bought a new stake in Amazon.com during the 4th quarter valued at approximately $1,788,000. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

AMZN opened at $191.10 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market capitalization of $2.03 trillion, a price-to-earnings ratio of 34.56, a P/E/G ratio of 1.50 and a beta of 1.39. The business’s 50-day moving average price is $206.49 and its two-hundred day moving average price is $208.56.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on AMZN. JMP Securities set a $285.00 price target on Amazon.com in a research report on Thursday, March 27th. HSBC boosted their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Wells Fargo & Company reduced their price target on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Mizuho cut their price objective on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.04.

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.