Amazon.com, Inc. (NASDAQ:AMZN) is Stonebridge Capital Advisors LLC’s 5th Largest Position

Stonebridge Capital Advisors LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 207,839 shares of the e-commerce giant’s stock after selling 1,665 shares during the quarter. Amazon.com accounts for approximately 3.7% of Stonebridge Capital Advisors LLC’s portfolio, making the stock its 5th biggest position. Stonebridge Capital Advisors LLC’s holdings in Amazon.com were worth $45,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at about $27,000. Accordant Advisory Group Inc lifted its stake in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com in the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now directly owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 80,798 shares of company stock worth $17,696,733. Company insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $205.59 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market capitalization of $2.18 trillion, a P/E ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30. The company’s fifty day moving average is $189.33 and its two-hundred day moving average is $208.61.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter last year, the business earned $0.98 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their price target on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft lowered 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. JPMorgan Chase & Co. upped their price target on Amazon.com from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, Maxim Group upped their price target on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus 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.