Bridger Management LLC Lowers Stock Holdings in Amazon.com, Inc. $AMZN

Bridger Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,471 shares of the e-commerce giant’s stock after selling 10,043 shares during the period. Amazon.com makes up 6.9% of Bridger Management LLC’s portfolio, making the stock its 3rd biggest position. Bridger Management LLC’s holdings in Amazon.com were worth $11,731,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Carderock Capital Management Inc. bought a new position in Amazon.com during the second quarter valued at approximately $27,000. Maryland Capital Advisors Inc. raised its stake in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares during the last quarter. Ryan Investment Management Inc. bought a new position in shares of Amazon.com during the 2nd quarter valued at $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Amazon.com in the 1st quarter worth $59,000. Finally, Access Investment Management LLC bought a new stake in shares of Amazon.com in the second quarter worth $74,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith Brian Alexander sold 900 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the sale, the director directly owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. This trade represents a 11.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,234 shares of company stock worth $19,076,767 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JMP Securities set a $300.00 target price on Amazon.com in a report on Friday, October 31st. Susquehanna set a $300.00 price target on shares of Amazon.com and gave the company a “positive” rating in a research report on Friday, October 31st. Truist Financial set a $290.00 price objective on shares of Amazon.com in a report on Friday, October 31st. Piper Sandler reaffirmed an “overweight” rating on shares of Amazon.com in a report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $305.00 price target on shares of Amazon.com in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $296.78.

Amazon.com Stock Down 1.2%

AMZN opened at $226.89 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The stock has a market cap of $2.43 trillion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. The firm’s fifty day moving average is $228.67 and its 200 day moving average is $224.28.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $1.43 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.