Valicenti Advisory Services Inc. Sells 3,191 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Valicenti Advisory Services Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 124,165 shares of the e-commerce giant's stock after selling 3,191 shares during the period. Amazon.com accounts for 6.1% of Valicenti Advisory Services Inc.'s investment portfolio, making the stock its 3rd biggest holding. Valicenti Advisory Services Inc.'s holdings in Amazon.com were worth $23,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new stake in Amazon.com in the fourth quarter worth $35,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter worth $40,000. Finally, Perritt Capital Management Inc boosted its holdings 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 in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.3%

AMZN traded up $0.69 during trading on Thursday, reaching $223.88. 31,769,801 shares of the company's stock were exchanged, compared to its average volume of 42,044,088. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.38 trillion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The firm has a fifty day moving average price of $212.21 and a two-hundred day moving average price of $208.60.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The firm 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 10.14% and a return on equity of 24.14%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 EPS. As a group, equities research analysts forecast 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 Matthew S. Garman sold 20,923 shares of the business's stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,602,037 shares of company stock worth $3,044,172,641. Company insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research report on Thursday, July 10th. JMP Securities boosted their price objective on shares of Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a report on Thursday, July 10th. Wedbush restated an "outperform" rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, The Goldman Sachs Group dropped 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. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $250.35.

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.