J. Goldman & Co LP Sells 76,777 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

J. Goldman & Co LP reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 93.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the e-commerce giant’s stock after selling 76,777 shares during the period. J. Goldman & Co LP’s holdings in Amazon.com were worth $1,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of AMZN. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth $27,000. Accordant Advisory Group Inc lifted its position 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 valued at $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management purchased a new position in Amazon.com during the fourth quarter valued at $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% during 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 during the period. Finally, Compass Planning Associates Inc purchased a new stake in Amazon.com in the fourth quarter worth about $51,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,018,625 over the last quarter. Insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $200.99 on Tuesday. The company has a market cap of $2.13 trillion, a PE ratio of 36.35, a P/E/G ratio of 1.50 and a beta of 1.30. The firm’s 50 day moving average price is $190.16 and its 200-day moving average price is $208.75. 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 52-week low of $151.61 and a 52-week high of $242.52.

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 business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMZN shares. Wall Street Zen cut Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. DA Davidson reduced their price objective on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. JMP Securities restated a “market outperform” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Bank of America dropped their target price on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

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.