Advanced Portfolio Management LLC Has $2.53 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Advanced Portfolio Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 68.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,429 shares of the e-commerce giant's stock after selling 24,914 shares during the period. Amazon.com comprises about 3.0% of Advanced Portfolio Management LLC's investment portfolio, making the stock its 13th biggest holding. Advanced Portfolio Management LLC's holdings in Amazon.com were worth $2,534,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Alaethes Wealth LLC raised its holdings in shares of Amazon.com by 8.0% during the 4th quarter. Alaethes Wealth LLC now owns 40,472 shares of the e-commerce giant's stock valued at $8,879,000 after purchasing an additional 2,990 shares in the last quarter. Albar Capital Partners LLP bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $12,038,000. Alight Capital Management LP raised its position in shares of Amazon.com by 8.6% in the fourth quarter. Alight Capital Management LP now owns 86,843 shares of the e-commerce giant's stock valued at $19,052,000 after purchasing an additional 6,843 shares during the period. 1248 Management LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $19,398,000. Finally, 4WEALTH Advisors Inc. bought a new position in Amazon.com in the 4th quarter worth $1,300,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 118,749 shares of company stock worth $24,197,235. 9.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMZN. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Wedbush restated an "outperform" rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Citigroup restated an "outperform" rating on shares of Amazon.com in a report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $2.11 during mid-day trading on Friday, reaching $200.99. 33,340,050 shares of the company were exchanged, compared to its average volume of 42,020,996. The company's 50-day simple moving average is $190.05 and its 200-day simple moving average is $208.81. 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 stock has a market capitalization of $2.13 trillion, a P/E ratio of 36.35, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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.