Amazon.com, Inc. (NASDAQ:AMZN) is Bridgeway Capital Management LLC's 5th Largest Position

Bridgeway Capital Management LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,065 shares of the e-commerce giant's stock after acquiring an additional 24,830 shares during the quarter. Amazon.com accounts for 0.6% of Bridgeway Capital Management LLC's holdings, making the stock its 5th biggest position. Bridgeway Capital Management LLC's holdings in Amazon.com were worth $29,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. increased its stake in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $43,000. Harbor Investment Advisory LLC lifted its position in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant's stock valued at $46,000 after acquiring an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Amazon.com in the 3rd quarter valued at $49,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Amazon.com in the 4th quarter worth $57,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN traded down $3.06 during trading on Thursday, hitting $183.83. 39,675,730 shares of the stock traded hands, compared to its average volume of 42,066,746. The business has a 50 day moving average price of $182.88 and a 200 day moving average price of $169.68. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 52.12, a PEG ratio of 1.34 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analysts' expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares of the company's stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders have sold 65,838 shares of company stock worth $11,984,344 in the last 90 days. Insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AMZN shares. Argus boosted their price target on Amazon.com from $185.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Piper Sandler increased their target price on shares of Amazon.com from $205.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. Wells Fargo & Company lifted their price target on shares of Amazon.com from $217.00 to $234.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Mizuho raised their price objective on Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. Finally, Tigress Financial upped their target price on Amazon.com from $210.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, May 30th. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $213.82.

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.