Barden Capital Management Inc. Purchases 134 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Barden Capital Management Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 13,993 shares of the e-commerce giant’s stock after buying an additional 134 shares during the period. Amazon.com comprises 2.4% of Barden Capital Management Inc.’s holdings, making the stock its 12th biggest position. Barden Capital Management Inc.’s holdings in Amazon.com were worth $2,662,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMZN. Tallon Kerry Patrick purchased a new position in shares of Amazon.com during the 4th quarter valued at about $800,000. Capital & Planning LLC lifted its position in shares of Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock valued at $856,000 after buying an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC lifted its position in shares of Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after buying an additional 860 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Amazon.com during the 4th quarter valued at about $301,650,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AMZN shares. Westpark Capital reaffirmed a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Mizuho lowered their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Citigroup reissued a “buy” rating on shares of Amazon.com in a report on Monday, June 2nd. Finally, BNP Paribas raised Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $245.53.

Amazon.com Stock Performance

NASDAQ AMZN opened at $209.69 on Friday. The company has a market cap of $2.23 trillion, a P/E ratio of 34.15, a P/E/G ratio of 1.59 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The business’s 50 day moving average price is $198.41 and its 200-day moving average price is $209.25. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 in the last quarter. 9.70% of the stock is owned by insiders.

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.