Bridgefront Capital LLC Takes $358,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bridgefront Capital LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, HoldingsChannel reports. The firm acquired 3,168 shares of the e-commerce giant’s stock, valued at approximately $358,000.

A number of other institutional investors have also recently made changes to their positions in AMZN. State Street Corp grew its position in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after acquiring an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares in the last quarter. FMR LLC grew its position in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Northern Trust Corp grew its position in Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after acquiring an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Amazon.com by 1,944.4% in the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after acquiring an additional 57,043,701 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Trading Up 4.0 %

Shares of Amazon.com stock opened at $100.04 on Friday. The firm has a 50-day simple moving average of $96.75 and a two-hundred day simple moving average of $101.94. The company has a market cap of $1.03 trillion, a P/E ratio of -373.27, a price-to-earnings-growth ratio of 3.81 and a beta of 1.25. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The firm had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. During the same quarter last year, the company posted $1.39 EPS. The company’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMZN shares. MKM Partners dropped their price target on Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, January 18th. Roth Capital restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 3rd. Barclays boosted their target price on Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. The Goldman Sachs Group dropped their target price on Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, January 13th. Finally, Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Amazon.com in a research report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $144.72.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock worth $6,994,626 in the last 90 days. Insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.