Autumn Glory Partners LLC Sells 4,641 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Autumn Glory Partners LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 38.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,501 shares of the e-commerce giant’s stock after selling 4,641 shares during the quarter. Autumn Glory Partners LLC’s holdings in Amazon.com were worth $1,646,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC grew its stake in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the last quarter. Bull Oak Capital LLC acquired a new position in Amazon.com in the 3rd quarter worth about $45,000. Quattro Financial Advisors LLC increased its stake in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the period. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com during the third quarter valued at $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 2.5 %

Shares of AMZN stock opened at $193.89 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $2.05 trillion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The business’s fifty day moving average is $222.18 and its 200 day moving average is $207.10.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,298 shares of company stock valued at $22,871,828. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMZN shares. Benchmark lifted their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Oppenheimer boosted their target price on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. TD Cowen boosted their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wedbush reaffirmed an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

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.