Ellevest Inc. Sells 4,245 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ellevest Inc. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 38,664 shares of the e-commerce giant's stock after selling 4,245 shares during the quarter. Amazon.com makes up about 0.5% of Ellevest Inc.'s investment portfolio, making the stock its 27th largest holding. Ellevest Inc.'s holdings in Amazon.com were worth $8,482,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the period. 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 purchased a new stake in Amazon.com in the fourth quarter worth $35,000. Finally, Perritt Capital Management Inc grew its stake in 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. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock traded up $0.98 during mid-day trading on Thursday, reaching $205.70. 34,630,040 shares of the company's stock traded hands, compared to its average volume of 41,998,938. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a market capitalization of $2.18 trillion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a 50 day moving average price of $190.60 and a two-hundred day moving average price of $208.70.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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 return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on AMZN shares. Scotiabank lowered their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Loop Capital lifted their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group cut their price objective on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Rosenblatt Securities lifted their price objective on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Citizens Jmp cut their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Company 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.