Broderick Brian C Acquires 2,926 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Broderick Brian C lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 76,637 shares of the e-commerce giant’s stock after purchasing an additional 2,926 shares during the period. Amazon.com comprises 3.3% of Broderick Brian C’s investment portfolio, making the stock its 10th biggest position. Broderick Brian C’s holdings in Amazon.com were worth $16,813,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Cable Hill Partners LLC increased its holdings in shares of Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after purchasing an additional 44 shares in the last quarter. Quattro Financial Advisors LLC boosted its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the last quarter. Northern Capital Management Inc. increased its stake in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after buying an additional 45 shares during the period. White Wing Wealth Management raised its position in shares of Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after acquiring an additional 47 shares during the last quarter. Finally, MBM Wealth Consultants LLC lifted its stake in shares of Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $189.98 on Friday. 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 twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 34.35, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a 50 day moving average of $190.48 and a 200-day moving average of $207.92.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Wedbush reiterated an “outperform” rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday. Stifel Nicolaus lowered their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research report on Friday. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday. Bank of America lowered their target price on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, BNP Paribas raised Amazon.com to a “hold” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $243.55.

Insider Activity

In other news, SVP David Zapolsky sold 5,848 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the transaction, the senior vice president now owns 69,162 shares of the company’s stock, valued at $15,265,436.64. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

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.