Tranquility Partners LLC Sells 7,208 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Tranquility Partners LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,530 shares of the e-commerce giant’s stock after selling 7,208 shares during the period. Amazon.com comprises 1.5% of Tranquility Partners LLC’s holdings, making the stock its 15th largest holding. Tranquility Partners LLC’s holdings in Amazon.com were worth $3,575,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AMZN. Riversedge Advisors LLC boosted its position in shares of Amazon.com by 75.2% during the 3rd quarter. Riversedge Advisors LLC now owns 6,321 shares of the e-commerce giant’s stock worth $804,000 after acquiring an additional 2,714 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Amazon.com by 3.7% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 38,641 shares of the e-commerce giant’s stock worth $4,912,000 after buying an additional 1,377 shares in the last quarter. Asset Planning Services Inc. LA ADV lifted its position in shares of Amazon.com by 1.3% during the 3rd quarter. Asset Planning Services Inc. LA ADV now owns 46,120 shares of the e-commerce giant’s stock worth $5,863,000 after buying an additional 610 shares during the last quarter. Chronos Wealth Management LLC boosted its stake in Amazon.com by 0.6% in the third quarter. Chronos Wealth Management LLC now owns 55,282 shares of the e-commerce giant’s stock valued at $7,027,000 after buying an additional 310 shares in the last quarter. Finally, Connecticut Wealth Management LLC grew its position in Amazon.com by 57.5% in the third quarter. Connecticut Wealth Management LLC now owns 24,111 shares of the e-commerce giant’s stock valued at $3,065,000 after acquiring an additional 8,807 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.0 %

NASDAQ:AMZN opened at $188.76 on Wednesday. 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 one year low of $104.70 and a one year high of $189.94. The company has a market cap of $1.96 trillion, a PE ratio of 52.87, a PEG ratio of 1.35 and a beta of 1.15. The firm has a 50-day moving average of $179.60 and a 200-day moving average of $161.63.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the business earned $0.31 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMZN. Rosenblatt Securities restated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Telsey Advisory Group raised their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Argus upped their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. UBS Group raised their price objective on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Stifel Nicolaus boosted their price objective on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and an average price target of $211.62.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the completion of the sale, the insider now directly owns 970,255,270 shares of the company’s stock, valued at approximately $168,174,345,949.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,197,961 shares of company stock worth $4,482,244,357. 10.80% of the stock is owned by corporate insiders.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through 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.