Byrne Asset Management LLC Has $4.97 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Byrne Asset Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,125 shares of the e-commerce giant’s stock after selling 1,393 shares during the period. Amazon.com accounts for about 3.7% of Byrne Asset Management LLC’s investment portfolio, making the stock its 4th biggest position. Byrne Asset Management LLC’s holdings in Amazon.com were worth $4,971,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter valued at about $27,266,582,000. GAMMA Investing LLC increased its holdings in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the period. Capital World Investors increased its holdings in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the period. Vanguard Group Inc. raised its stake in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.8%

AMZN opened at $219.39 on Tuesday. The company has a market cap of $2.33 trillion, a PE ratio of 35.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.34. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a 50-day moving average price of $203.30 and a 200 day moving average price of $208.67. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com’s quarterly 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 expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 6,843 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.77, for a total transaction of $1,373,869.11. Following the sale, the chief executive officer owned 519,550 shares of the company’s stock, valued at $104,310,053.50. The trade was a 1.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company’s stock, valued at $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,061,100 in the last quarter. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. Westpark Capital reissued a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Citigroup reissued a “buy” rating on shares of Amazon.com in a report on Monday, June 2nd. UBS Group restated a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Tigress Financial lifted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Finally, Scotiabank dropped their target price on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $245.81.

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.