Avior Wealth Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,750 shares of the e-commerce giant's stock after selling 10,373 shares during the quarter. Avior Wealth Management LLC's holdings in Amazon.com were worth $14,032,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of AMZN. Cable Hill Partners LLC increased its holdings in Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after buying an additional 44 shares during the last quarter. Northern Capital Management Inc. grew its holdings in shares of Amazon.com by 0.6% during 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 purchasing an additional 45 shares during the last quarter. White Wing Wealth Management grew its holdings in shares of Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after purchasing an additional 47 shares during the last quarter. Balanced Wealth Group LLC grew its holdings in shares of Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after purchasing an additional 48 shares during the last quarter. Finally, ETF Store Inc. grew its holdings in shares of Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after purchasing an additional 48 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.
Insider Activity
In related news, insider Jeffrey P. Bezos sold 384,124 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $224.02, for a total value of $86,051,458.48. Following the completion of the sale, the insider directly owned 901,995,325 shares in the company, valued at approximately $202,064,992,706.50. This trade represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the vice president owned 119,780 shares of the company's stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. Company insiders own 9.70% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on AMZN. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a "buy" rating in a report on Tuesday. Royal Bank Of Canada decreased their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Moffett Nathanson increased their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a research report on Friday, June 27th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $249.42.
Check Out Our Latest Stock Analysis on AMZN
Amazon.com Stock Up 1.2%
Shares of NASDAQ AMZN traded up $2.76 during mid-day trading on Friday, hitting $225.02. The company had a trading volume of 50,481,094 shares, compared to its average volume of 42,135,277. The company has a market capitalization of $2.39 trillion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The firm has a 50-day simple moving average of $209.90 and a two-hundred day simple moving average of $208.63. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the business posted $0.98 EPS. Amazon.com's revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.
Amazon.com Company Profile
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Free Report)
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.
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