Great Valley Advisor Group Inc. Sells 10,129 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Great Valley Advisor Group Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,044 shares of the e-commerce giant's stock after selling 10,129 shares during the quarter. Amazon.com comprises about 1.6% of Great Valley Advisor Group Inc.'s portfolio, making the stock its 9th biggest holding. Great Valley Advisor Group Inc.'s holdings in Amazon.com were worth $71,531,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Regent Peak Wealth Advisors LLC grew its holdings in shares of Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock valued at $9,906,000 after purchasing an additional 318 shares during the period. Tallon Kerry Patrick purchased a new stake in Amazon.com during the fourth quarter worth about $800,000. Capital & Planning LLC increased its stake in shares of Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after buying an additional 1,635 shares during the period. Cove Private Wealth LLC increased its stake in shares of Amazon.com by 31.3% during the fourth quarter. Cove Private Wealth LLC now owns 35,757 shares of the e-commerce giant's stock worth $7,845,000 after buying an additional 8,515 shares during the period. Finally, Overbrook Management Corp increased its stake in shares of Amazon.com by 0.5% during the fourth quarter. Overbrook Management Corp now owns 138,756 shares of the e-commerce giant's stock worth $30,442,000 after buying an additional 631 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Raymond James restated an "outperform" rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday. Citizens Jmp dropped their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Citigroup restated a "buy" rating on shares of Amazon.com in a report on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $244.89.

Amazon.com Stock Performance

Shares of AMZN stock traded up $5.66 on Friday, hitting $213.57. 39,746,466 shares of the stock traded hands, compared to its average volume of 42,103,488. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $2.27 trillion, a PE ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company's fifty day moving average is $191.84 and its 200 day moving average is $208.71.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the sale, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is currently owned by corporate insiders.

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.