Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Aviance Capital Partners LLC

Key Points

• Aviance Capital Partners LLC increased its stake in Amazon.com to become its 3rd largest position, owning 131,229 shares valued at approximately $24.97 million after a 4% increase in the first quarter.
• Insider **Jeffrey P. Bezos** sold over 2.6 million shares at an average price of $230.43, totaling over **$609 million**, which represents a 0.30% decrease in his holdings.
• Amazon's recent quarterly earnings showed an **earnings per share (EPS)** of $1.59, surpassing analysts' estimates, with revenue reaching **$155.67 billion**, marking an **8.6% year-over-year** increase.

Aviance Capital Partners LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 131,229 shares of the e-commerce giant's stock after purchasing an additional 5,009 shares during the period. Amazon.com comprises approximately 3.5% of Aviance Capital Partners LLC's holdings, making the stock its 3rd biggest position. Aviance Capital Partners LLC's holdings in Amazon.com were worth $24,968,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Northern Capital Management Inc. raised its holdings in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares in the last quarter. Balanced Wealth Group LLC raised its holdings in shares of Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after acquiring an additional 48 shares in the last quarter. ETF Store Inc. raised its holdings in shares of Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after acquiring an additional 48 shares in the last quarter. TD Capital Management LLC raised its holdings in shares of Amazon.com by 1.6% in the fourth quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant's stock valued at $671,000 after acquiring an additional 49 shares in the last quarter. Finally, Conservest Capital Advisors Inc. raised its holdings in shares of Amazon.com by 0.8% in the fourth quarter. Conservest Capital Advisors Inc. now owns 6,651 shares of the e-commerce giant's stock valued at $1,459,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 8.3%

Shares of Amazon.com stock traded down $19.36 on Friday, reaching $214.75. The stock had a trading volume of 122,007,379 shares, compared to its average volume of 44,843,602. The company has a 50 day moving average price of $217.93 and a 200 day moving average price of $209.23. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market capitalization of $2.28 trillion, a P/E ratio of 34.98, a P/E/G ratio of 1.71 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. 9.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMZN. UBS Group restated a "buy" rating and set a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a report on Monday. Truist Financial increased their price objective on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Pivotal Research increased their price target on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Friday. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a report on Friday. Three research analysts have rated the stock with a hold rating, forty-six have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $260.85.

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.