Tributary Capital Management LLC Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Tributary Capital Management LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,940 shares of the e-commerce giant’s stock after selling 465 shares during the quarter. Tributary Capital Management LLC’s holdings in Amazon.com were worth $2,038,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMZN. Peterson Wealth Advisors LLC increased its stake in Amazon.com by 35.2% during the third quarter. Peterson Wealth Advisors LLC now owns 1,659 shares of the e-commerce giant’s stock worth $309,000 after acquiring an additional 432 shares during the last quarter. Cavalier Investments LLC boosted its holdings in shares of Amazon.com by 500.8% in the 3rd quarter. Cavalier Investments LLC now owns 121,759 shares of the e-commerce giant’s stock worth $22,687,000 after purchasing an additional 101,493 shares during the period. L. Roy Papp & Associates LLP boosted its holdings in shares of Amazon.com by 2.8% in the 3rd quarter. L. Roy Papp & Associates LLP now owns 13,430 shares of the e-commerce giant’s stock worth $2,502,000 after purchasing an additional 363 shares during the period. West Bancorporation Inc. increased its position in shares of Amazon.com by 2.2% during the 3rd quarter. West Bancorporation Inc. now owns 4,236 shares of the e-commerce giant’s stock valued at $789,000 after purchasing an additional 92 shares during the last quarter. Finally, Custom Index Systems LLC raised its holdings in Amazon.com by 3.2% during the 3rd quarter. Custom Index Systems LLC now owns 13,876 shares of the e-commerce giant’s stock valued at $2,586,000 after buying an additional 426 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMZN shares. Morgan Stanley lifted their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Wedbush lifted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Bank of America increased their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Maxim Group boosted their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their target price on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.20.

Amazon.com Trading Up 1.0 %

NASDAQ:AMZN opened at $207.89 on Monday. The stock has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.52, a PEG ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $194.78 and a 200 day moving average of $186.94.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the sale, the director now owns 94,630 shares of the company’s stock, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is owned by insiders.

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.