United Advisor Group LLC Sells 12,532 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

United Advisor Group LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 21.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,865 shares of the e-commerce giant's stock after selling 12,532 shares during the period. Amazon.com makes up approximately 1.8% of United Advisor Group LLC's holdings, making the stock its 7th biggest holding. United Advisor Group LLC's holdings in Amazon.com were worth $8,917,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% in the 4th 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 during the period. Finally, Compass Planning Associates Inc acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $51,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was 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. Over the last 90 days, insiders sold 3,426,963 shares of company stock valued at $757,297,707. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 0.0%

AMZN stock opened at $223.47 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a fifty day moving average price of $207.16 and a two-hundred day moving average price of $208.51. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.40, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMZN shares. Oppenheimer increased their price target on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Morgan Stanley dropped their target price on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Tigress Financial raised their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Telsey Advisory Group restated an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, UBS Group restated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $245.60.

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.

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