Ellevest Inc. Has $8.48 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Ellevest Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,664 shares of the e-commerce giant's stock after selling 4,245 shares during the period. Amazon.com makes up approximately 0.5% of Ellevest Inc.'s investment portfolio, making the stock its 27th biggest holding. Ellevest Inc.'s holdings in Amazon.com were worth $8,482,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the fourth quarter worth about $25,000. Accordant Advisory Group Inc raised its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Finally, Perritt Capital Management Inc raised its stake in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, the senior vice president now directly owns 47,030 shares of the company's stock, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,537 shares of company stock worth $20,018,625. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Amazon.com stock traded up $5.03 on Tuesday, hitting $206.02. The company's stock had a trading volume of 34,776,251 shares, compared to its average volume of 41,992,291. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $190.16 and a 200-day moving average price of $208.75. The firm has a market cap of $2.19 trillion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

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. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMZN shares. Tigress Financial lifted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Scotiabank cut their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Westpark Capital reissued a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

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.