Bridges Investment Management Inc. Sells 30,083 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bridges Investment Management Inc. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,589,671 shares of the e-commerce giant's stock after selling 30,083 shares during the quarter. Amazon.com comprises approximately 4.9% of Bridges Investment Management Inc.'s investment portfolio, making the stock its 4th biggest holding. Bridges Investment Management Inc.'s holdings in Amazon.com were worth $348,758,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Accordant Advisory Group Inc boosted its stake in 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 purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC increased its stake in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC raised its stake in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in Amazon.com in the fourth quarter valued at approximately $51,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock valued at $63,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

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Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Maxim Group increased their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Barclays raised their price objective on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. HSBC upped their target price 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. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, 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. Two investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $260.53.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 over the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com Stock Down 4.2 %

NASDAQ:AMZN traded down $7.41 during midday trading on Friday, reaching $171.00. The company had a trading volume of 122,919,361 shares, compared to its average volume of 40,634,140. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market capitalization of $1.81 trillion, a price-to-earnings ratio of 30.92, a PEG ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock's fifty day simple moving average is $212.18 and its 200-day simple moving average is $209.22.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Company 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.