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

Tributary Capital Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,435 shares of the e-commerce giant’s stock after selling 505 shares during the period. Tributary Capital Management LLC’s holdings in Amazon.com were worth $2,289,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Grimes & Company Inc. boosted its position in Amazon.com by 3.1% in the fourth quarter. Grimes & Company Inc. now owns 141,827 shares of the e-commerce giant’s stock worth $31,115,000 after purchasing an additional 4,308 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in Amazon.com by 1.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 10,182 shares of the e-commerce giant’s stock worth $2,234,000 after purchasing an additional 172 shares during the last quarter. Lantz Financial LLC boosted its position in Amazon.com by 2.7% in the fourth quarter. Lantz Financial LLC now owns 29,379 shares of the e-commerce giant’s stock worth $6,445,000 after purchasing an additional 778 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in Amazon.com by 2.0% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 3,515 shares of the e-commerce giant’s stock worth $771,000 after purchasing an additional 70 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC boosted its position in Amazon.com by 1.0% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 196,480 shares of the e-commerce giant’s stock worth $43,106,000 after purchasing an additional 1,958 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Royal Bank of Canada raised their target price on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Raymond James raised their target price on Amazon.com from $260.00 to $275.00 in a research report on Monday. Tigress Financial raised their target price on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Loop Capital lifted their price objective on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com Price Performance

Shares of AMZN stock opened at $228.93 on Thursday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 41.40, a P/E/G ratio of 1.36 and a beta of 1.15. The stock has a fifty day simple moving average of $227.77 and a two-hundred day simple moving average of $201.59. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, analysts predict that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,850 shares of company stock worth $6,168,581. 10.80% of the stock is currently owned by company insiders.

Amazon.com Profile

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.