Bridgeway Capital Management LLC Sells 7,289 Shares of Amazon.com, Inc. $AMZN

by · The Markets Daily

Bridgeway Capital Management LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,741 shares of the e-commerce giant’s stock after selling 7,289 shares during the quarter. Amazon.com accounts for approximately 0.6% of Bridgeway Capital Management LLC’s portfolio, making the stock its 11th largest holding. Bridgeway Capital Management LLC’s holdings in Amazon.com were worth $25,173,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. bought a new stake in Amazon.com in the 2nd quarter worth approximately $27,000. Maryland Capital Advisors Inc. raised its stake in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares in the last quarter. Ryan Investment Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter worth approximately $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Amazon.com in the 1st quarter valued at $59,000. Finally, Access Investment Management LLC purchased a new stake in Amazon.com during the second quarter valued at about $74,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.8%

Shares of AMZN stock opened at $226.19 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The stock has a market capitalization of $2.42 trillion, a P/E ratio of 31.95, a P/E/G ratio of 1.58 and a beta of 1.37. The firm’s 50 day moving average is $229.35 and its 200 day moving average is $224.73.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $233.22, for a total transaction of $583,050.00. Following the sale, the chief executive officer owned 505,934 shares of the company’s stock, valued at approximately $117,993,927.48. This trade represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the sale, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. The trade was a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,234 shares of company stock worth $19,076,767 in the last three months. 9.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Bank of America raised their target price on shares of Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Telsey Advisory Group increased their price target on shares of Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Rothschild Redb cut Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Citizens Jmp reissued a “market outperform” rating and issued a $300.00 target price on shares of Amazon.com in a research report on Wednesday, December 3rd. Finally, BNP Paribas Exane began coverage on Amazon.com in a research note on Monday, November 24th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $295.43.

View Our Latest Report on Amazon.com

Amazon.com Company Profile

(Free Report)

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.

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