Central Valley Advisors LLC Sells 3,006 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Central Valley Advisors LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,567 shares of the e-commerce giant's stock after selling 3,006 shares during the period. Amazon.com comprises about 1.5% of Central Valley Advisors LLC's holdings, making the stock its 22nd largest holding. Central Valley Advisors LLC's holdings in Amazon.com were worth $3,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the fourth quarter worth about $35,000. Perritt Capital Management Inc increased its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC increased its holdings in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMZN shares. Cantor Fitzgerald increased their price objective on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Oppenheimer raised their price target on Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Wedbush reiterated an "outperform" rating and issued a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a report on Friday. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $245.81.

Amazon.com Stock Up 2.8%

Shares of AMZN traded up $6.18 on Friday, hitting $223.30. 119,087,933 shares of the stock traded hands, compared to its average volume of 42,021,779. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market capitalization of $2.37 trillion, a PE ratio of 36.37, a P/E/G ratio of 1.68 and a beta of 1.33. The business has a 50 day simple moving average of $202.26 and a 200 day simple moving average of $208.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the business posted $0.98 EPS. The company's revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 over the last ninety days. Insiders own 9.70% of the company's stock.

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.