Barden Capital Management Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,970 shares of the e-commerce giant’s stock after buying an additional 224 shares during the quarter. Barden Capital Management Inc.’s holdings in Amazon.com were worth $1,014,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Bridgefront Capital LLC purchased a new position in Amazon.com in the first quarter worth $228,000. Krane Funds Advisors LLC raised its stake in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at $258,000. My Personal CFO LLC purchased a new position in Amazon.com in the 1st quarter worth $261,000. Finally, Worth Asset Management LLC purchased a new stake in Amazon.com during the first quarter valued at about $191,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.
Wall Street Analysts Forecast Growth
AMZN has been the subject of a number of analyst reports. Cowen increased their price objective on Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Moffett Nathanson assumed coverage on Amazon.com in a research note on Tuesday, November 15th. They set an “outperform” rating and a $118.00 target price on the stock. Erste Group Bank downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Tigress Financial restated a “buy” rating and set a $192.00 price target on shares of Amazon.com in a research report on Thursday, February 9th. Finally, Telsey Advisory Group dropped their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, January 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.87.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter last year, the business posted $1.39 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 1.38 EPS for the current year.
Insider Transactions at Amazon.com
In related news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the transaction, the chief executive officer now owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,394 shares of company stock worth $6,619,426. 12.70% of the stock is currently owned by insiders.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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