Bridgefront Capital LLC Makes New $588,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Bridgefront Capital LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,680 shares of the e-commerce giant’s stock, valued at approximately $588,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Regent Peak Wealth Advisors LLC lifted its stake in Amazon.com by 0.7% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant’s stock worth $9,906,000 after purchasing an additional 318 shares during the last quarter. RMR Wealth Builders grew its position in Amazon.com by 2.5% during the 4th quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant’s stock worth $15,450,000 after acquiring an additional 1,690 shares during the last quarter. JCIC Asset Management Inc. increased its holdings in Amazon.com by 1.0% in the 4th quarter. JCIC Asset Management Inc. now owns 79,557 shares of the e-commerce giant’s stock worth $17,454,000 after purchasing an additional 754 shares in the last quarter. Fulcrum Capital LLC raised its position in Amazon.com by 1.1% in the fourth quarter. Fulcrum Capital LLC now owns 101,212 shares of the e-commerce giant’s stock valued at $22,205,000 after purchasing an additional 1,055 shares during the last quarter. Finally, Enterprise Bank & Trust Co boosted its stake in shares of Amazon.com by 2.1% during the fourth quarter. Enterprise Bank & Trust Co now owns 44,690 shares of the e-commerce giant’s stock valued at $9,805,000 after purchasing an additional 927 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 1.0%

Amazon.com stock opened at $200.99 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $190.05 and its 200 day moving average is $208.80. The company has a market capitalization of $2.13 trillion, a PE ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMZN. Raymond James reissued an “outperform” rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. UBS Group reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. BNP Paribas raised Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. Needham & Company LLC reissued a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Westpark Capital reissued a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Insider Activity

In other news, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were 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 approximately $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 sold a total of 118,749 shares of company stock worth $24,197,235 in the last three months. Company insiders own 9.70% of the company’s stock.

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.