Aviance Capital Partners LLC sells 5,213 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Aviance Capital Partners LLC reduced its position in Amazon.com, Inc. stock, according to its latest Form 13F filing with the Securities and Exchange Commission. (NASDAQ:AMZN) up 11.1% in the fourth quarter. The institutional investor owned 41,550 shares of the e-commerce giant after selling 5,213 shares during the quarter. Amazon.com constitutes 1.4% of Aviance Capital Partners LLC’s portfolio, making it the 15th largest company. At the end of the last reporting period, the value of Aviance Capital Partners LLC’s shares in Amazon.com was USD 6,313,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions at the company. Welch & Forbes LLC increased its position in shares of Amazon.com by 1.4% during the fourth quarter. Welch & Forbes LLC now owns 448,884 shares of the e-commerce giant’s stock valued at $68,204,000 after purchasing an additional 6,170 shares in the last quarter. Empirical Financial Services LLC dwa Empirical Wealth Management strengthened its position in shares of Amazon.com by 11.9% during the fourth quarter. Empirical Financial Services LLC dwa Empirical Wealth Management now owns 153,395 shares of the e-commerce giant’s stock valued at $23,307,000 after purchasing an additional 16,339 shares in the last quarter. Capital Performance Advisors LLP rose 16.3% in the fourth quarter on Amazon.com. Capital Performance Advisors LLP now owns 14,799 shares of the e-commerce giant’s stock valued at $2,249,000 after acquiring an additional 2,074 shares in the last quarter. Apollon Wealth Management LLC increased its position on Amazon.com by 34.7% during the fourth quarter. Apollon Wealth Management LLC now owns 301,291 shares of the e-commerce giant’s stock worth $45,778,000 after acquiring an additional 77,610 shares in the last quarter. Finally, Lincoln National Corp improved its position on Amazon.com by 3.5% in the fourth quarter. Lincoln National Corp now owns 279,037 shares of the e-commerce giant’s stock valued at $42,397,000 after acquiring an additional 9,395 shares in the last quarter. 72.20% of the shares are in the hands of institutional investors.

Buying and selling confidential information

In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the CEO now owns 132,600 shares of the company’s stock valued at $23,868,000. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed at this link. Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 117,894 shares of company stock worth $21,363,909. Corporate insiders own 10.80% of the company’s shares.

Amazon.com stock performance

On Tuesday, NASDAQ AMZN opened at $180.75. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. The company has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 50.63, a P/E/G ratio of 1.29 and a beta of 1.15. The company’s 50-day simple moving average is $182.16 and its 200-day simple moving average is $166.67. Amazon.com, Inc. it has a 1-year low of $114.31 and a 1-year high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped the consensus estimate of $0.83 by $0.15. The company’s revenue for the quarter was $143.31 billion, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 12.5% ​​year-over-year. During the same quarter last year, the company saw an EPS of $0.31. Analysts expect that as a group, Amazon.com, Inc. will see 4.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equity research analysts have recently commented on AMZN stock. Wolfe Research raised their target price on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Raymond James increased their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “single buy” rating in a research report on Wednesday, May 1st. UBS Group increased their target price on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Maxim Group lowered their target price on shares of Amazon.com from $318.00 to $238.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Goldman Sachs Group increased their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the company with a hold rating, forty-four analysts have issued a buy rating to the company and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $211.62.

Read our latest analysis on AMZN

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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