Bridgecreek Investment Management LLC sells 1,200 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bridgecreek Investment Management LLC lowered its position in Amazon.com, Inc., according to its latest Form 13F filing with the SEC. (NASDAQ:AMZN – Free Report) up 0.6% in the fourth quarter. The company owned 195,225 shares of the e-commerce giant after selling 1,200 shares during the period. Amazon.com accounts for 5.7% of Bridgecreek Investment Management LLC’s shares, making it the third largest company. At the end of the last quarter, Bridgecreek Investment Management LLC’s stock in Amazon.com was worth $29,662,000.

Other hedge funds also modified their holdings in the company. In the third quarter, Vanguard Group Inc. increased its shares in Amazon.com by 4.4%. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. FMR LLC increased its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Norges Bank acquired a new stake in Amazon.com during the fourth quarter worth approximately $17,700,551,000. Northern Trust Corp increased its holdings in Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares during the period. Finally, Jennison Associates LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after acquiring an additional 1,389,503 shares during the period. 72.20% of the shares are held by institutional investors and hedge funds.

Amazon.com pricing performance

NASDAQ:AMZN opened at $187.06 on Tuesday. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $191.70. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company’s market capitalization is $1.95 trillion, P/E ratio is 52.40, P/E/G ratio is 1.32 and beta is 1.14. The stock’s fifty-day moving average is $182.66 and its two-hundred-day moving average is $169.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, $0.15 above the consensus estimate of $0.83. The company’s revenue for the quarter was $143.31 billion, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenues increased by 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. Stock analysts expect Amazon.com, Inc. will see 4.72 EPS for the current year.

Insider activity on Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the sale, the CEO now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44 for a total transaction of $3,771,048.96. Following the sale, the CEO now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. President Adam Selipsky also sold 500 shares of the company in a transaction on Thursday, March 21. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the CEO now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 65,838 shares of company stock worth $11,984,344. Currently, 10.80% of the shares are owned by company insiders.

Analysts set new price targets

Several analysts have recently commented on the company. Barclays raised their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Morgan Stanley increased their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Oppenheimer upped their price target on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One investment analyst rated the company’s shares with a hold rating, forty-three issued a buy rating and one gave a strong buy rating to the company’s shares. The company currently has an average rating of “Buy” and a consensus price target of $213.82, according to MarketBeat.com.

See our latest report on Amazon.com

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Amazon.com pricing performance

Insider activity on Amazon.com

Analysts set new price targets

Amazon.com profile

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