Crescent Park Management L.P. Sells 2,160 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Crescent Park Management L.P. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,428 shares of the e-commerce giant’s stock after selling 2,160 shares during the quarter. Amazon.com accounts for approximately 6.3% of Crescent Park Management L.P.’s holdings, making the stock its 4th largest position. Crescent Park Management L.P.’s holdings in Amazon.com were worth $16,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cable Hill Partners LLC raised its holdings in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after acquiring an additional 44 shares during the period. Quattro Financial Advisors LLC lifted its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the period. Northern Capital Management Inc. lifted its position in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares during the period. White Wing Wealth Management boosted its holdings in Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after purchasing an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC grew its holdings in shares of Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after purchasing an additional 48 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing 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 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 sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $189.98 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $190.48 and a 200-day moving average of $207.77. The firm has a market cap of $2.02 trillion, a P/E ratio of 34.35, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 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 during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft dropped their price target on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. Truist Financial dropped their target price on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. HSBC increased their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Piper Sandler reiterated an “overweight” rating and set a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research note on Friday. Three analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $243.55.

Amazon.com Company 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.