Valicenti Advisory Services Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,906 shares of the e-commerce giant’s stock after selling 685 shares during the quarter. Amazon.com accounts for about 5.1% of Valicenti Advisory Services Inc.’s investment portfolio, making the stock its 3rd biggest holding. Valicenti Advisory Services Inc.’s holdings in Amazon.com were worth $15,277,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiduciary Planning LLC raised its holdings in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares during the last quarter. HBC Financial Services PLLC raised its holdings in Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. raised its holdings in Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. raised its holdings in Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners raised its holdings in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares during the last quarter. Institutional investors and hedge funds own 56.67% of the company’s stock.
Insider Activity at Amazon.com
In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total value of $63,135.00. Following the sale, the chief executive officer now directly owns 152,780 shares in the company, valued at approximately $19,291,530.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total transaction of $63,135.00. Following the sale, the chief executive officer now directly owns 152,780 shares in the company, valued at $19,291,530.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $130.93, for a total value of $523,720.00. Following the sale, the chief executive officer now owns 564,301 shares in the company, valued at $73,883,929.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,845 shares of company stock worth $8,536,085. Company insiders own 12.70% of the company’s stock.
Analyst Ratings Changes
Amazon.com Trading Up 1.6 %
Shares of Amazon.com stock opened at $130.80 on Thursday. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The stock’s 50-day simple moving average is $121.77 and its 200 day simple moving average is $105.95. The stock has a market capitalization of $1.34 trillion, a P/E ratio of 311.43, a P/E/G ratio of 2.52 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the previous year, the business posted $0.21 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that Amazon.com, Inc. will post 1.56 EPS for the current year.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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