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Columbia Advisory Partners LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the first quarter, the company disclosed in its most recent filing with the Securities & Exchange Commission (SEC) on Form 13F. The firm owned 6,556 shares of the e-commerce giant after selling 184 shares during the quarter. Amazon.com makes up about 1.2% of Columbia Advisory Partners LLC’s holdings, making the stock its 14th largest position. Columbia Advisory Partners LLC’s holdings in Amazon.com were worth $1,183,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMZN. Cooksen Wealth LLC acquired a new stake in Amazon.com in the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC acquired a new stake in Amazon.com in the fourth quarter valued at about $43,000. Harbor Investment Advisory LLC increased its stake in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the same period. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter valued at approximately $46,000. Institutional investors own 72.20% of the company’s shares.

Insider activity

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock on Thursday, April 4. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the CEO now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a document filed with the SEC, which is available through the SEC’s website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock on Thursday, April 4. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the CEO now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC’s website. Also, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. After the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The disclosure of this sale can be found here. In the last 90 days, insiders sold 65,338 shares of the company’s stock, valued at $11,894,344. 10.80% of the shares are currently owned by insiders.

Price development of Amazon.com shares

NASDAQ AMZN opened at $193.25 on Friday. The company’s 50-day moving average is $183.87 and its 200-day moving average is $173.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $199.84. The stock has a market cap of $2.01 trillion, a P/E ratio of 54.13, a PEG ratio of 1.42 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN – Free Report) last released its quarterly earnings results on Tuesday, April 30. The e-commerce giant reported earnings per share of $0.98 for the quarter, beating the consensus estimate 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 grew 12.5% ​​year-over-year. During the same quarter last year, the company posted earnings per share of $0.31. Analysts forecast that Amazon.com, Inc. will report earnings per share of $4.72 for the current fiscal year.

Wall Street analysts comment

Several brokerages have commented on AMZN. Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Wells Fargo & Company increased their price target on shares of Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research note on Wednesday, May 15th. JMP Securities reiterated a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Roth Mkm reiterated a buy rating and announced a $210.00 price target (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1. One analyst has rated the stock with a hold rating, 43 have given a buy rating, and one has given the stock a strong buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $215.86.

Read our latest report on Amazon.com

About Amazon.com

(Free report)

Amazon.com, Inc. engages in the retailing of consumer products, advertising, and subscription services through online and brick-and-mortar 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 TVs, Echo, Ring, Blink, and eero, and develops and produces media content.

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Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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