Peregrine Capital Management LLC Has $154.22 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Peregrine Capital Management LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 702,946 shares of the e-commerce giant’s stock after selling 48,452 shares during the period. Amazon.com comprises 4.6% of Peregrine Capital Management LLC’s investment portfolio, making the stock its biggest position. Peregrine Capital Management LLC’s holdings in Amazon.com were worth $154,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Accordant Advisory Group Inc raised its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Icon Wealth Advisors LLC grew its holdings in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the last quarter. Bull Oak Capital LLC bought a new stake in Amazon.com in the 3rd quarter worth $45,000. Quattro Financial Advisors LLC boosted its stake in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com during the 3rd quarter valued at about $56,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.5 %

NASDAQ AMZN opened at $192.82 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company’s 50-day simple moving average is $220.43 and its two-hundred day simple moving average is $208.02. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. UBS Group boosted their target price on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Scotiabank upped their price target on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Citigroup reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, Piper Sandler reissued an “overweight” rating and issued a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 in the last 90 days. Insiders own 10.80% of the company’s stock.

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.