Alley Investment Management Company LLC Sells 1,196 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Alley Investment Management Company LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,834 shares of the e-commerce giant’s stock after selling 1,196 shares during the quarter. Alley Investment Management Company LLC’s holdings in Amazon.com were worth $6,790,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Blume Capital Management Inc. increased its holdings in Amazon.com by 211.5% in the fourth quarter. Blume Capital Management Inc. now owns 47,231 shares of the e-commerce giant’s stock valued at $3,967,000 after purchasing an additional 32,067 shares during the last quarter. Nwam LLC grew its stake in Amazon.com by 3.5% in the fourth quarter. Nwam LLC now owns 117,284 shares of the e-commerce giant’s stock valued at $9,852,000 after acquiring an additional 3,964 shares during the period. Theory Financial LLC acquired a new position in Amazon.com in the fourth quarter valued at about $473,000. Pavion Blue Capital LLC grew its stake in Amazon.com by 229.3% in the fourth quarter. Pavion Blue Capital LLC now owns 19,530 shares of the e-commerce giant’s stock valued at $1,641,000 after acquiring an additional 13,600 shares during the period. Finally, Nuance Investments LLC grew its stake in Amazon.com by 65.9% in the fourth quarter. Nuance Investments LLC now owns 32,481 shares of the e-commerce giant’s stock valued at $2,728,000 after acquiring an additional 12,906 shares during the period. Institutional investors own 57.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMZN shares. Tigress Financial reissued a “buy” rating and issued a $192.00 target price on shares of Amazon.com in a research note on Thursday, February 9th. Wells Fargo & Company decreased their target price on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Evercore ISI decreased their target price on Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Monday, April 3rd. Rosenblatt Securities upped their price objective on Amazon.com from $106.00 to $111.00 in a research report on Friday, April 28th. Finally, Truist Financial upped their price objective on Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Three equities research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $143.12.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $110.33, for a total value of $1,187,150.80. Following the sale, the chief executive officer now owns 150,120 shares of the company’s stock, valued at approximately $16,562,739.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Insiders have sold a total of 61,019 shares of company stock worth $6,053,511 in the last 90 days. Company insiders own 12.30% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $116.25 on Monday. The firm has a market cap of $1.19 trillion, a P/E ratio of 276.79, a price-to-earnings-growth ratio of 4.11 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The business’s 50 day moving average is $103.63 and its 200-day moving average is $97.07.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping 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 company had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. During the same quarter last year, the company earned $0.21 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

About Amazon.com

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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.