Aviance Capital Partners LLC Has $10.12 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Aviance Capital Partners LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 17.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,929 shares of the e-commerce giant’s stock after purchasing an additional 14,730 shares during the period. Amazon.com makes up approximately 2.2% of Aviance Capital Partners LLC’s holdings, making the stock its 4th biggest position. Aviance Capital Partners LLC’s holdings in Amazon.com were worth $10,115,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Artisan Partners Limited Partnership lifted its position in Amazon.com by 15.1% in the 1st quarter. Artisan Partners Limited Partnership now owns 5,493,524 shares of the e-commerce giant’s stock valued at $567,426,000 after acquiring an additional 719,494 shares in the last quarter. Fayez Sarofim & Co raised its stake in shares of Amazon.com by 9.3% in the first quarter. Fayez Sarofim & Co now owns 5,195,716 shares of the e-commerce giant’s stock worth $536,666,000 after purchasing an additional 443,290 shares during the last quarter. Occidental Asset Management LLC lifted its holdings in shares of Amazon.com by 8.8% during the first quarter. Occidental Asset Management LLC now owns 23,405 shares of the e-commerce giant’s stock valued at $2,418,000 after purchasing an additional 1,892 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of Amazon.com by 20.1% during the first quarter. Harvest Fund Management Co. Ltd now owns 99,583 shares of the e-commerce giant’s stock valued at $10,285,000 after buying an additional 16,671 shares during the last quarter. Finally, Fluent Financial LLC increased its holdings in Amazon.com by 3.5% in the 1st quarter. Fluent Financial LLC now owns 50,679 shares of the e-commerce giant’s stock worth $5,235,000 after buying an additional 1,706 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.4 %

NASDAQ AMZN opened at $135.36 on Thursday. The stock has a 50 day moving average price of $133.41 and a 200-day moving average price of $116.96. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $143.63. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The company has a market capitalization of $1.40 trillion, a P/E ratio of 106.58, a P/E/G ratio of 1.83 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. As a group, equities analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total value of $62,535.00. Following the completion of the transaction, the chief executive officer now owns 151,780 shares in the company, valued at $18,983,124.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total value of $62,535.00. Following the completion of the transaction, the chief executive officer now owns 151,780 shares in the company, valued at approximately $18,983,124.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the sale, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,365,829 shares of company stock worth $49,002,857. 12.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. StockNews.com raised shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Wednesday, August 30th. Rosenblatt Securities upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and raised their target price for the stock from $111.00 to $184.00 in a report on Friday, August 4th. Bank of America boosted their target price on shares of Amazon.com from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Citigroup raised their price target on Amazon.com from $145.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Evercore ISI upped their price objective on Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $160.87.

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.