Aurora Private Wealth Inc. Has $1.12 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Mar 25th, 2023

Aurora Private Wealth Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,316 shares of the e-commerce giant’s stock after selling 2,845 shares during the quarter. Amazon.com comprises 1.3% of Aurora Private Wealth Inc.’s portfolio, making the stock its 18th biggest holding. Aurora Private Wealth Inc.’s holdings in Amazon.com were worth $1,119,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Buttonwood Financial Advisors Inc. increased its holdings in shares of Amazon.com by 0.9% during the 4th quarter. Buttonwood Financial Advisors Inc. now owns 16,900 shares of the e-commerce giant’s stock worth $1,420,000 after acquiring an additional 159 shares during the last quarter. Howard Financial Services LTD. increased its holdings in shares of Amazon.com by 7.4% during the 4th quarter. Howard Financial Services LTD. now owns 19,009 shares of the e-commerce giant’s stock worth $1,597,000 after acquiring an additional 1,302 shares during the last quarter. Pettinga Financial Advisors LLC increased its holdings in shares of Amazon.com by 25.2% during the 4th quarter. Pettinga Financial Advisors LLC now owns 6,335 shares of the e-commerce giant’s stock worth $532,000 after acquiring an additional 1,275 shares during the last quarter. Sanders Morris Harris LLC increased its holdings in shares of Amazon.com by 5.0% during the 4th quarter. Sanders Morris Harris LLC now owns 19,845 shares of the e-commerce giant’s stock worth $1,667,000 after acquiring an additional 950 shares during the last quarter. Finally, Transform Wealth LLC increased its holdings in shares of Amazon.com by 13.1% during the 4th quarter. Transform Wealth LLC now owns 121,859 shares of the e-commerce giant’s stock worth $10,236,000 after acquiring an additional 14,082 shares during the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,693 shares of company stock valued at $7,225,308. Company insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Wedbush decreased their target price on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, February 3rd. Barclays upped their price objective on Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price objective on shares of Amazon.com in a report on Thursday, March 16th. Wolfe Research upped their price objective on Amazon.com from $115.00 to $130.00 in a report on Friday, February 3rd. Finally, Evercore ISI upped their price objective on Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.72.

Amazon.com Trading Down 0.6 %

Shares of AMZN stock opened at $98.13 on Friday. The stock has a market cap of $1.01 trillion, a price-to-earnings ratio of -366.14, a PEG ratio of 4.16 and a beta of 1.25. The stock has a 50-day moving average of $97.58 and a 200-day moving average of $100.72. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 1.33 earnings per share for the current year.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.