Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Blue Grotto Capital LLC

Blue Grotto Capital LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 154,391 shares of the e-commerce giant's stock after selling 25,609 shares during the quarter. Amazon.com makes up 6.2% of Blue Grotto Capital LLC's investment portfolio, making the stock its 5th largest holding. Blue Grotto Capital LLC's holdings in Amazon.com were worth $33,872,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Accordant Advisory Group Inc boosted its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the period. Icon Wealth Advisors LLC grew its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC increased its position in shares of 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 purchasing an additional 45 shares during the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Amazon.com in the 4th quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth $54,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company's stock, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49 % 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 90 days. Corporate insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMZN. Oppenheimer lifted their price target on Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Loop Capital upped their price target on Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Stifel Nicolaus cut their price objective on shares of Amazon.com from $275.00 to $248.00 and set a "buy" rating on the stock in a report on Wednesday. Maxim Group upped their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group cut their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $247.56.

Amazon.com Stock Performance

Shares of AMZN stock traded up $2.45 during trading hours on Friday, reaching $188.99. The stock had a trading volume of 36,349,105 shares, compared to its average volume of 41,913,658. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a 50-day simple moving average of $193.52 and a 200-day simple moving average of $207.90. The firm has a market capitalization of $2.00 trillion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.