Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Aviance Capital Partners LLC

Aviance Capital Partners LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the third quarter, HoldingsChannel.com reports. The firm owned 124,811 shares of the e-commerce giant’s stock after purchasing an additional 353 shares during the period. Amazon.com makes up approximately 3.1% of Aviance Capital Partners LLC’s portfolio, making the stock its 4th biggest holding. Aviance Capital Partners LLC’s holdings in Amazon.com were worth $23,256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Midwest Financial Group LLC increased its position in Amazon.com by 3.1% in the 2nd quarter. Midwest Financial Group LLC now owns 5,405 shares of the e-commerce giant’s stock valued at $1,045,000 after acquiring an additional 163 shares during the period. Valued Wealth Advisors LLC grew its stake in shares of Amazon.com by 12.3% in the second quarter. Valued Wealth Advisors LLC now owns 1,794 shares of the e-commerce giant’s stock worth $347,000 after purchasing an additional 197 shares during the last quarter. Phoenix Wealth Advisors increased its holdings in Amazon.com by 10.9% in the second quarter. Phoenix Wealth Advisors now owns 3,890 shares of the e-commerce giant’s stock valued at $752,000 after purchasing an additional 381 shares during the period. Leavell Investment Management Inc. raised its position in Amazon.com by 10.7% during the 2nd quarter. Leavell Investment Management Inc. now owns 74,293 shares of the e-commerce giant’s stock worth $14,357,000 after purchasing an additional 7,157 shares during the last quarter. Finally, Provident Wealth Management LLC lifted its holdings in Amazon.com by 23.2% during the 2nd quarter. Provident Wealth Management LLC now owns 2,656 shares of the e-commerce giant’s stock worth $513,000 after buying an additional 500 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $223.75 on Monday. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.35 trillion, a PE ratio of 47.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The stock’s fifty day simple moving average is $209.73 and its two-hundred day simple moving average is $192.89.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the firm earned $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AMZN shares. Bank of America increased their price target on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Moffett Nathanson raised their price target on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. UBS Group upped their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Sanford C. Bernstein lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

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.