Bronte Capital Management Pty Ltd. Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bronte Capital Management Pty Ltd. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,812 shares of the e-commerce giant's stock after selling 39,488 shares during the period. Amazon.com comprises approximately 0.0% of Bronte Capital Management Pty Ltd.'s investment portfolio, making the stock its 16th biggest position. Bronte Capital Management Pty Ltd.'s holdings in Amazon.com were worth $75,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Avantax Advisory Services Inc. grew its holdings in shares of Amazon.com by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 689,633 shares of the e-commerce giant's stock worth $151,299,000 after purchasing an additional 22,956 shares during the last quarter. Essential Planning LLC. raised its holdings in shares of Amazon.com by 1,122.4% in the fourth quarter. Essential Planning LLC. now owns 22,823 shares of the e-commerce giant's stock valued at $4,662,000 after acquiring an additional 20,956 shares in the last quarter. Forge First Asset Management Inc. grew its holdings in Amazon.com by 119.4% during the 4th quarter. Forge First Asset Management Inc. now owns 39,500 shares of the e-commerce giant's stock worth $8,666,000 after acquiring an additional 21,500 shares in the last quarter. Westchester Capital Management Inc. increased its position in Amazon.com by 2.8% during the 4th quarter. Westchester Capital Management Inc. now owns 37,841 shares of the e-commerce giant's stock valued at $8,302,000 after purchasing an additional 1,034 shares during the period. Finally, Truvestments Capital LLC lifted its position in shares of Amazon.com by 7.9% in the 4th quarter. Truvestments Capital LLC now owns 8,023 shares of the e-commerce giant's stock worth $1,760,000 after purchasing an additional 588 shares during the period. Institutional investors own 72.20% of the company's stock.

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Amazon.com Price Performance

Shares of Amazon.com stock traded down $6.51 during mid-day trading on Wednesday, reaching $173.08. 29,202,868 shares of the stock traded hands, compared to its average volume of 41,568,664. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $201.96 and a 200 day moving average of $208.30. The stock has a market capitalization of $1.83 trillion, a PE ratio of 31.30, a PEG ratio of 1.50 and a beta of 1.39. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 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, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 5,848 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the transaction, the senior vice president now directly owns 69,162 shares in the company, valued at $15,265,436.64. This trade represents a 7.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wedbush reaffirmed an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Royal Bank of Canada lifted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Truist Financial cut their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Benchmark lifted their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group reduced their target price on Amazon.com from $275.00 to $250.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $252.73.

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.