Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Driehaus Capital Management LLC

Driehaus Capital Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,943 shares of the e-commerce giant’s stock after buying an additional 277 shares during the quarter. Driehaus Capital Management LLC’s holdings in Amazon.com were worth $2,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the fourth quarter valued at about $25,000. Accordant Advisory Group Inc increased its holdings in Amazon.com by 400.0% during the 4th 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. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $35,000. Finally, Perritt Capital Management Inc grew its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on AMZN. Oppenheimer reduced their price objective on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. BNP Paribas raised Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Bank of America reduced their target price on Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. JMP Securities reiterated a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Finally, 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 report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the completion of the sale, the chief executive officer now directly owns 506,974 shares in the company, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president now owns 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,537 shares of company stock valued at $20,018,625. Company insiders own 9.70% of the company’s stock.

Amazon.com Trading Down 1.0%

NASDAQ:AMZN opened at $200.99 on Monday. The stock has a fifty day simple moving average of $190.05 and a 200 day simple moving average of $208.80. The firm has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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

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.