Arbor Capital Management Inc. ADV Sells 1,497 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Arbor Capital Management Inc. ADV reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,847 shares of the e-commerce giant’s stock after selling 1,497 shares during the quarter. Amazon.com comprises 3.5% of Arbor Capital Management Inc. ADV’s holdings, making the stock its largest position. Arbor Capital Management Inc. ADV’s holdings in Amazon.com were worth $3,520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AMZN. Cable Hill Partners LLC increased its holdings in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after buying an additional 44 shares in the last quarter. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares during the last quarter. Northern Capital Management Inc. increased its holdings in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management raised its position in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after purchasing an additional 47 shares during the last quarter. Finally, MBM Wealth Consultants LLC boosted its stake in shares of Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after purchasing an additional 48 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMZN. Westpark Capital started coverage on shares of Amazon.com in a report on Tuesday, April 1st. They issued a “buy” rating and a $280.00 price objective for the company. Wolfe Research raised their price target on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. JMP Securities cut their price target on shares of Amazon.com from $285.00 to $240.00 and set a “market outperform” rating on the stock in a report on Monday. Wells Fargo & Company decreased their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group lifted their target price on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.73.

Amazon.com Stock Performance

Shares of AMZN opened at $172.51 on Friday. The firm has a market capitalization of $1.83 trillion, a P/E ratio of 31.19, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a 50 day moving average price of $199.65 and a two-hundred day moving average price of $207.97. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com 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.