Capital Advisory Group Advisory Services LLC Sells 2,614 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capital Advisory Group Advisory Services LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,189 shares of the e-commerce giant's stock after selling 2,614 shares during the quarter. Capital Advisory Group Advisory Services LLC's holdings in Amazon.com were worth $1,939,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the 4th quarter valued at $35,000. Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Compass Planning Associates Inc purchased a new stake in shares of Amazon.com in the fourth quarter worth $51,000. Finally, Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 over the last 90 days. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $6.18 during trading on Friday, reaching $223.30. 119,060,979 shares of the company traded hands, compared to its average volume of 42,289,243. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $201.25 and a 200-day simple moving average of $209.02. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market capitalization of $2.37 trillion, a PE ratio of 36.37, a P/E/G ratio of 1.60 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Mizuho lowered their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Raymond James Financial reissued an "outperform" rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Evercore ISI dropped their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group reduced their target price on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus cut their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company's stock. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $245.81.

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.