Bryn Mawr Capital Management LLC Sells 108,491 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bryn Mawr Capital Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 76.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,998 shares of the e-commerce giant’s stock after selling 108,491 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Amazon.com were worth $7,239,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Fagan Associates Inc. increased its position in shares of Amazon.com by 1.8% during the fourth quarter. Fagan Associates Inc. now owns 96,966 shares of the e-commerce giant’s stock valued at $21,273,000 after acquiring an additional 1,747 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Amazon.com by 1.7% during the fourth quarter. Private Advisor Group LLC now owns 994,705 shares of the e-commerce giant’s stock valued at $218,229,000 after acquiring an additional 16,752 shares during the last quarter. Good Life Advisors LLC increased its position in shares of Amazon.com by 0.6% during the fourth quarter. Good Life Advisors LLC now owns 85,059 shares of the e-commerce giant’s stock valued at $18,661,000 after acquiring an additional 480 shares during the last quarter. Financial Perspectives Inc increased its position in shares of Amazon.com by 1.2% during the fourth quarter. Financial Perspectives Inc now owns 20,845 shares of the e-commerce giant’s stock valued at $4,573,000 after acquiring an additional 241 shares during the last quarter. Finally, Alberta Investment Management Corp increased its position in shares of Amazon.com by 44.5% during the fourth quarter. Alberta Investment Management Corp now owns 742,860 shares of the e-commerce giant’s stock valued at $162,976,000 after acquiring an additional 228,645 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 1.4 %

AMZN opened at $195.54 on Thursday. The stock has a market cap of $2.07 trillion, a PE ratio of 35.36, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business’s fifty day simple moving average is $219.90 and its 200 day simple moving average is $207.94.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AMZN shares. Tigress Financial lifted their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. HSBC lifted their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Morgan Stanley lifted their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Loop Capital lifted their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

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.