Newbridge Financial Services Group Inc. buys 361 shares of Amazon.com, Inc. (NASDAQ:AMZN)


Newbridge Financial Services Group Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.8% during the 1st quarter, reports HoldingsChannel.com. The company held 2,507 shares of the e-commerce giant after buying an additional 361 shares during the period. Amazon.com represents 4.0% of Newbridge Financial Services Group Inc.’s investment portfolio, making it its 3rd largest position. Newbridge Financial Services Group Inc.’s holdings in Amazon.com were worth $8,173,000 at the end of the most recent reporting period.

Several other large investors have also recently changed their stock holdings. State Street Corp increased its position in Amazon.com shares by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant worth $56,755,855,000 after buying an additional 698,970 shares in the last quarter. Geode Capital Management LLC increased its position in Amazon.com shares by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant worth $23,917,115,000 after acquiring an additional 195,716 shares in the last quarter. Capital Research Global Investors increased its position in Amazon.com shares by 14.1% during the fourth quarter. Capital Research Global Investors now owns 4,574,546 shares of the e-commerce giant worth $15,253,179,000 after acquiring an additional 564,699 shares in the last quarter. Norges Bank bought a new stock position in Amazon.com during the fourth quarter for a value of approximately $14,053,756,000. Finally, Castleview Partners LLC acquired a new stake in Amazon.com during the fourth quarter worth approximately $1,143,000. 72.51% of the shares are held by institutional investors and hedge funds.

Changes to analyst ratings

A number of brokerages have commented on AMZN. Mizuho cut its price target on Amazon.com from $197.50 to $155.00 and set a “buy” rating for the company in a research note on Thursday. They noted that the move was a review call. Credit Suisse Group lowered its price target on Amazon.com from $205.00 to $185.00 in a Friday, April 29 report. Exane BNP Paribas began covering Amazon.com in a research note on Tuesday March 29. They issued an “underperforming” rating and a target price of $140.00 for the stock. Raymond James lowered his target price on Amazon.com from $197.50 to $165.00 in a Friday, April 29 research note. Finally, Morgan Stanley cut its price target on Amazon.com from $210.00 to $190.00 in a Friday, April 29 research report. Three analysts gave the stock a sell rating, one gave the stock a hold rating and thirty-eight gave the stock a buy rating. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $181.31.

Amazon.com inventory down 1.8%

AMZN stock opened at $122.42 on Friday. The company has a market capitalization of $1.25 trillion, a P/E ratio of 59.10, a P/E/G ratio of 3.75 and a beta of 1.25. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The company’s 50-day moving average price is $112.81 and its 200-day moving average price is $136.70. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt ratio of 0.35.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, April 28. The e-commerce giant reported EPS of $0.21 for the quarter, missing analyst consensus estimates of $0.44 per ($0.23). The company posted revenue of $116.44 billion for the quarter, versus $116.52 billion expected by analysts. Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The company’s quarterly revenue increased 7.3% year over year. During the same period a year earlier, the company posted EPS of $0.79. On average, research analysts expect Amazon.com, Inc. to post earnings per share of 1.23 for the current fiscal year.

Insiders place their bets

In other news, CEO David H. Clark sold 2,270 shares of the company in a trade that took place on Monday, May 23. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following completion of the transaction, the CEO now owns 6,695 shares of the company, valued at $14,522,927.90. The transaction was disclosed in a document filed with the SEC, accessible via this link. In other news, CEO David H. Clark sold 2,270 shares of the company in a trade that took place on Monday, May 23. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following completion of the transaction, the CEO now owns 6,695 shares of the company, valued at $14,522,927.90. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, Chief Financial Officer Brian T. Olsavsky sold 761 shares of the company in a transaction that took place on Monday, May 23. The shares were sold at an average price of $2,169.22, for a total transaction of $1,650,776.42. Following completion of the transaction, the CFO now directly owns 2,375 shares of the company, valued at approximately $5,151,897.50. The disclosure of this sale can be found here. During the last quarter, insiders sold 4,803 shares of the company worth $10,528,337. Insiders hold 12.70% of the shares of the company.

Amazon.co.uk profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The Company operates through three segments: North America, International and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Want to see what other hedge funds hold AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Amazon.com, Inc. (NASDAQ: AMZN – Get Rating).

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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