Bosun Asset Management LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Published 7 hours ago• 5 minute read

(NASDAQ:AMZN) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,337 shares of the e-commerce giant’s stock after acquiring an additional 1,814 shares during the quarter. Amazon.com accounts for 1.6% of Bosun Asset Management LLC’s portfolio, making the stock its 12th biggest holding. Bosun Asset Management LLC’s holdings in Amazon.com were worth $3,584,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $25,000. Accordant Advisory Group Inc raised its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter valued at approximately $35,000. Finally, Perritt Capital Management Inc raised its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

NASDAQ AMZN opened at $200.99 on Friday. The company has a market cap of $2.13 trillion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. 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 firm’s 50-day simple moving average is $190.05 and its two-hundred day simple moving average is $208.81.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Several brokerages have recently weighed in on AMZN. JMP Securities reiterated a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Wedbush reiterated an “outperform” rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $244.09.

View Our Latest Stock Report on Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,749 shares of company stock worth $24,197,235 over the last ninety days. Insiders own 9.70% of the company’s stock.

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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.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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