Dynamic Advisor Solutions LLC sells 9,999 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Dynamic Advisor Solutions LLC has reduced its position in shares of Amazon.com, Inc., according to its latest Form 13F filing with the Securities and Exchange Commission. (NASDAQ:AMZN) by 6.0% in the first quarter. The institutional investor owned 156,200 shares of the e-commerce giant after selling 9,999 shares during the quarter. Amazon.com represents 1.0% of Dynamic Advisor Solutions LLC’s portfolio, making it the 11th largest company. At the end of the last reporting period, the value of Dynamic Advisor Solutions LLC’s shares in Amazon.com was USD 28,175,000.

Several other hedge funds and other institutional investors also recently changed their positions in AMZN. Waters Parkerson & CO. LLC raised its position in Amazon.com by 12.4% in the 3rd quarter. Waters Parkerson & CO. LLC now owns 15,292 shares of the e-commerce giant’s stock valued at $1,944,000 after acquiring an additional 1,684 shares in the last quarter. Arjuna Capital raised its position in Amazon.com by 0.8% in the 3rd quarter. Arjuna Capital now owns 43,045 shares of the e-commerce giant’s stock valued at $5,472,000 after acquiring an additional 325 shares in the last quarter. Valley Wealth Managers Inc. increased its position on Amazon.com by 0.7% in the 3rd quarter. Valley Wealth Managers Inc. now owns 12,695 shares of the e-commerce giant’s stock worth $1,614,000 after acquiring an additional 87 shares in the last quarter. Cyrus J. Lawrence LLC increased its stake in Amazon.com by 0.7% in the third quarter. Cyrus J. Lawrence LLC now owns 98,209 shares of the e-commerce giant’s stock valued at $12,484,000 after purchasing an additional 643 shares in the last quarter. Finally, EMC Capital Management increased its stake in Amazon.com by 3,966.5% in the third quarter. EMC Capital Management now owns 85,600 shares of the e-commerce giant’s stock valued at $11,060,000 after purchasing an additional 83,495 shares in the last quarter. 72.20% of the shares belong to institutional investors.

Amazon.com stock performance

Amazon.com shares opened at $193.25 on Friday. The company has a 50-day moving average of $183.87 and a 200-day moving average of $172.93. Amazon.com, Inc. has a one-year low of $118.35 and a one-year high of $199.84. 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 $2.01 trillion, a PE ratio of 54.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue increased 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. Stock research analysts predict that Amazon.com, Inc. will report $4.72 earnings per share for the current fiscal year.

Buying and selling confidential information

In related news, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction value of $489,753.00. Following the completion of the transaction, the Vice President now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3. The shares were sold at an average price of $177.29 for a total transaction value of $620,515.00. Following the completion of the transaction, the CEO now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this hyperlink . Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction value of $489,753.00. Following the completion of the transaction, the Vice President now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. An announcement regarding this sale can be found here . Over the past three months, insiders have sold a total of 65,338 shares of the company’s stock, valued at $11,894,344. Corporate insiders own 10.80% of the stock.

Wall Street analysts assess

Several equities research analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1. Barclays raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. Loop Capital raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6. JMP Securities reiterated a “market outperform” rating and gave the company a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1. Finally, Morgan Stanley raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave a “strong buy” rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $215.86.

Read our latest report on AMZN

Amazon.com Profile

(Free Report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. 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 multimedia content.

Amazon.com stock performance

Buying and selling confidential information

Wall Street analysts assess

Amazon.com Profile

See also